House passes 90% tax on AIG bonuses

posted at 3:15 pm on March 19, 2009 by Allahpundit

328-93, which means the GOP split roughly evenly notwithstanding the news that some AIG employees will be returning their bonuses voluntarily. No surprise given the results of yesterday’s Gallup poll. I’ve reached the point the boss and Rick Santelli reached a few days ago and which this trader reached today: Aren’t we, er, missing the big picture?

The Fed yesterday committed to buy $1.5 trillion in assets, and all that we are talking about today is $146 million in bonuses for traders at AIG. I understand the politics and the optics of the situation but this is getting ridiculous. People need to get some perspective.

Initially I thought the tax would be a nifty way out of the bill of attainder problem, but Tom Maguire makes a sterling point about precedents. First they came for the bonuses…

Right now it’s AIG and Fannie Mae; later it will be Merrill and Citibank, and eventually it will be defense contractors, profiteering oil executives, or whomever the Congressional Dems single out as their whipping boy du jour.

And of course, rolling this ex post tax out at the same time the Fed and Treasury are trying to encourage private investors to partner up with the government to get the credit markets moving again is insane. What investor needs the likely aggravation to follow? Who needs to be hauled in front of Barney Frank a year from now in order to be blasted as a profiteer who exploited our national crisis for his own profit, which Barney will then tax back? Who will be daft enough to come out of retirement as Liddy did to endure the abuse Liddy took?

Follow the link and you’ll find that even Rangel’s iffy on the idea. Exit question: How much tighter can those congressional sphincters get? Click the image to watch.


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Comments

Term limits look better every effing day.

Terrye on March 19, 2009 at 6:15 PM

How about taxing the campaign contributions lawmakers received from AIG!
Republicans need to step up and do the right thing now and give back whatever donations they received from AIG! Better yet, Republicans can give that money to the families of those who are having their bonuses stolen from them by this out of control government!

JellyToast on March 19, 2009 at 6:21 PM

I wonder, if they’ll get a shot of that Tight Sphincter on Jay’s show, tonight?

franksalterego on March 19, 2009 at 6:25 PM

Isn’t armed robbery a felony?

hawkdriver on March 19, 2009 at 6:26 PM

Republicans can give that money to the families of those who are having their bonuses stolen from them by this out of control government!

JellyToast on March 19, 2009 at 6:21 PM

Yup. This is just a sign of how low we can go here….

unclesmrgol on March 19, 2009 at 6:27 PM

I’d feel more concerned about 90% ex post facto taxes if those weren’t the same bozos who ran the outfit into a crater.

pedestrian on March 19, 2009 at 6:31 PM

Everyone who voted for this highly offensive bill needs to be tossed out of government. They are morons.

progressoverpeace on March 19, 2009 at 6:33 PM

What’s tragic is that everyone thinks the problem is that we have the wrong party running the government; the problem is that we have government at all running us.

PattyJ on March 19, 2009 at 6:35 PM

STOP THE PRESSES: ABC WORLD NEWS TONIGHT JUST USED A CLIP FROM HOTAIR FOR ONE OF THEIR STORIES!!!!!

Lance Murdock on March 19, 2009 at 6:36 PM

And so it goes… Day 59 of Barry’s War on Prospertity

And thousands of high paying banking jobs (just like after Sarbox) will move to London

phreshone on March 19, 2009 at 6:49 PM

Actually they voted two yea on two amendments to prevent the bonuses. Githner and Dodd made these two amendments disappear in conference to meet Obamas demand the bill be passed before his four day Chicago vacation. Wouldn’t want Obama to miss a vacation would we. I mean the country is far less important than his wife nookie time.

Steveangell on March 19, 2009 at 7:14 PM

Speaking of BO (Bailout Outrage/Barack Obama) Bank of America is offering free upgrades to 3-D to see the new movie, Monsters v. Aliens!

Great use of the bailout money, guys, enriching movie studios!

Bread and Circuses?

PattyJ on March 19, 2009 at 7:25 PM

Remember, if you want taxes so that they can be proportional so that those that make more will take ‘their fair share’, then Congress can now decide on what ‘fair’ is. If it can make a law to go after so very few, there is nothing to stop them from making it to go after one person.

Upset Congress and yet do nothing illegal? In fact if you carry through with the express consent of Congress and then they decide that you shouldn’t after making a law that says you can?

They will punish you as an individual, which is very proportional, no?

It was never supposed to come to this, but those who wanted proportional taxation were warned that this was subject to abuse by Congress. That this Congress would even think of trying this demonstrates that they are more than willing to do a bait & switch and slam anyone they want. And you can be completely in the free and clear, doing everything legally at the behest of Congress.

The founders were very wise not to have handed that power to the federal government. And the Progressives most unwise to push for it… save that they wanted this sort of power to be in government.

ajacksonian on March 19, 2009 at 7:36 PM

I didn’t know one make a sucking sound with a sphincter.

radiofreevillage on March 19, 2009 at 7:36 PM

Re: Constitutionality.

[…]

Ex Post Facto. I believe this clause is only regarding criminal law, so is inoperative in this case.

Loxodonta on March 19, 2009 at 4:30 PM

Unfortunately, I think your Bill of Attainder point may just be valid. At least in the sense that I have not seen the language yet to conclude exactly how specific the targeting of this legislation is.

However, the Ex Post Facto clause in the Constitution makes no distinction of criminal acts only. In fact, the very next (several) clause(s) speak(s) about taxes and how they shall be (or not be) laid.

Besides, it is a crime to not pay your taxes.

anuts on March 19, 2009 at 8:12 PM

I still can’t believe the gop voted for an unconstitutional tax increase.

Score one for Pelosi.

Wow, that outrage really paid off.

getalife on March 19, 2009 at 8:22 PM

Well, if Connecticut gets it’s way, the Feds will NOT see most of that money back, since CT wants to tax it at 80%.

LibraryGryffon on March 19, 2009 at 8:22 PM

I still can’t believe the gop voted for an unconstitutional tax increase.

Score one for Pelosi.

Wow, that outrage really paid off.

getalife on March 19, 2009 at 8:22 PM

Look. I understand you’re obsessed with (R) vs (D) politics, but are any of your principles (assuming you have any) based on what you believe to be right or wrong?

anuts on March 19, 2009 at 8:35 PM

The point is the democraps and over 1/2 of the
SO CALLED CONSERVATIVES

JUST voted to write into law
A special TAX
Onlyh for Certain people
who work at a certain company

I know of another country that did this
NAZI GERMANY

Whats next from the demigogs
Only GREENs get good tax breaks
Meaning
Green shirts (obamas SS)
Green companies(obama and pelozi / reid owned)
Green carbon scams (cant leave al gore out of the pig fest)

Every one else gets a DIFFERENT SYMBOL
Perhaps a black SUV painted on a sticker and you must wear it in order to work..

Im serious here this is such a mis-use of power its insanity.,.,

The democraps just gave over 100 billion to Foreign owned banks
hundreds of millions of dollars to
WELL KNOWN TERRORIST ORGANIZATIONS AND COUNTRIES (Palestinians) and hamass

But after obama SCREWS the pooch
and is caught red handed he grabs his evil witch pelozi
and with reid and dodd her minions they just pass a new tax
to STEAL all the money they didnt want them to have
By using their names into LAW

AFTER they approved the law in the first place???

Its time for a new revolution
Time to kick EVERY ONE
FROM BOTH PARTIES
OUT THE DOOR AND THEN

ARREST THEM ALL..

and then put them on trial for high crimes and TREASON…

jcila on March 19, 2009 at 8:35 PM

What in the living hades is going on with our government? As far as I’m concerned all of them should be run out on a rail. Where are all the people with pitchforks and torches? We are all to busy trying to make a living. This needs to stop!!! A retroactive 90% tax? What the hell? How do you ever make anything retroactive?
These people are like the damn inmates running the asylum. NO DAMN MORE!!!!! Do we have the stones to fix this or not?

Gulfcoastconservative on March 19, 2009 at 8:39 PM

Ex Post Facto. I believe this clause is only regarding criminal law, so is inoperative in this case.

Loxodonta on March 19, 2009 at 4:30 PM

The Constitution is clear, Congress shall make no Ex Post Facto law.

It says nothing about criminal, civil, or even tax law… courts may interpret it differently, but the Constitution is pretty darn clear.

As to this being a bill of Attainder, the key fact is that this ADDS ANOTHER 90% tax to this money. People still have to pay regular Income tax on this income….

So, its acutaly going to cost them MORE in tax liability to keep the money than if they give it back… how is that not Punishment?, and since this is a Punishment without Trial, Punishment by specific Law, it IS a Bill of Attainder.

Romeo13 on March 19, 2009 at 8:41 PM

getalife on March 19, 2009 at 8:22 PM

Look. I understand you’re obsessed with (R) vs (D) politics, but are any of your principles (assuming you have any) based on what you believe to be right or wrong?

anuts on March 19, 2009 at 8:35 PM

Getalife is one simplistic tool. He stands for nothing other than propping up the uh uh uh President.

Jamson64 on March 19, 2009 at 8:46 PM

Hypocrites, all!!!

btw, with Barney google running around the House my sphincter muscle would be in cloaking device mode.

Gohawgs on March 19, 2009 at 8:49 PM

Jamson64 on March 19, 2009 at 8:46 PM

That, and getting his homework done so he come talk with the adults.

Gohawgs on March 19, 2009 at 8:51 PM

Why did Dodd slip that language in there about protecting bonuses?
Because Dodd is the biggest recipient of financial-industry donations.

jgapinoy on March 19, 2009 at 9:18 PM

getalife:

Considering the outrage about the bonuses it is not so surprising that some GOPers would vote for this. It is a lot more surprising that moderates like Evan Bayh from my state of Indiana have made a point of saying Obama should have vetoed the appropriations bill as well saying his economic policies are hurting the credibility of Democrats.

Terrye on March 19, 2009 at 9:19 PM

Considering the outrage about the bonuses it is not so surprising that some GOPers would vote for this. It is a lot more surprising that moderates like Evan Bayh from my state of Indiana have made a point of saying Obama should have vetoed the appropriations bill as well saying his economic policies are hurting the credibility of Democrats.

Terrye on March 19, 2009 at 9:19 PM

even with the outrage, the Repubs could have stood on principal, and the Consitution… and not voted because this IS a Bill of Attainder.

They caved…. why? I don’t know… but it once more shows that they are not really interested or are willing to follow any base philosophy.

Romeo13 on March 19, 2009 at 9:27 PM

Romeo:

Yes, they could have. But the truth is that when almost 80% of the people in the country are against something, it is hard to ignore. And besides, they might not believe it is unConstitutional.

Terrye on March 19, 2009 at 9:37 PM

Please someone convince me I’m wrong.

I can’t. We just have to hope for the best, I guess.

Alana on March 19, 2009 at 9:39 PM

I mean come on Romeo, one minute people are outraged that AIG got the money at all, and then they are outraged that Congress taxed the bonuses? I think there is some misdirection going on here, but there is a lot more wrong with all this than what Congress just did today.

Terrye on March 19, 2009 at 9:40 PM

Yes, they could have. But the truth is that when almost 80% of the people in the country are against something, it is hard to ignore. And besides, they might not believe it is unConstitutional.

Terrye on March 19, 2009 at 9:37 PM

No, you just politly point out this this was Geithners doing, along with Dodd and the President…

And this IS a Bill of Attainder… as was discussed during the floor debate… they had a good solid out and didn’t take it.

They caved and gave the Democrats cover.

Romeo13 on March 19, 2009 at 9:40 PM

And if the bill is unConstitutional, the AIG people can take them to the Supreme Court. Maybe they should, speaking of principle.

Terrye on March 19, 2009 at 9:41 PM

Creeping fascism, that’s what it is. This is utterly ridiculous. Obama and Congress muffed the punt, and now blame the ballboy on the sideline. This is crap.

dugan on March 19, 2009 at 5:33 PM

.
Creeping my donkey, It’s a cavalry charge.

darktood on March 19, 2009 at 9:43 PM

Romeo:

You are ignoring the obvious. The People do not want these people getting these bonuses. So we can blame Dodd and the Democrats. Sure thing, that worked so well when we blamed them for the whole housing bubble didn’t it?

I think they are responsible myself, but the idea that all we have to do is point fingers at the Democrats and people are going to care is naive.

Terrye on March 19, 2009 at 9:43 PM

And gave the Democrats cover? Are you kidding or what? The Democrats did not need cover. This is exactly what the vast majority of the American people wanted.

Terrye on March 19, 2009 at 9:44 PM

It’s like a reverse Tithe.

baldilocks on March 19, 2009 at 9:49 PM

I am a conservative who screamed when they started this mess (meaning the so called republicans whom i will not vote for again)..

Then the first bail out i screamed like a lot of americans
and I STRONGLY disagreed with the then current President Bush who i believed CAVED into paulsons stupid nightmarish vision …

But The now elected barack the moron who hired every known tax cheat, fraudster , felonious person he could find
made it 100 times worse because he rammed through the legislater not once but twice now bills the didnt
even bother to read..???

If barack obama was my laywer i would have thrown his sorry ass out onto the sidewalk..

He is totally incompetent..
But the rest of these morons in both our hallowed halls
Deserve a much worse fate..

First they need to be allowed to resign in shame..
But if they continue on this path of
willful negligence
Dereliction of their SWORN Duties under the us constitution
then it is fitting and right for the us citizens to remove them ..
By recall vote
By protest..
and other means if necessary..

But IF the american people are so STUPID that they honeslty belive in communism..

Then they will just elect another barack and pelozi and we wil end up here all over again..

So americans what do you want?
Freedom (by this you will have to allow all the banks to fail and a minimum of 10 years of unemployment) to clean up this mess

or do you want to just surrender and admit you all want communism…

make up your damn minds
because personally i am more sick to death of these so called
closet liberal intellectuals who are unable to get their heads our of their intelligent fat asses long enough
to see what the hell is going on..
and it is these morons who are doing all they can

to destroy the United states of America..

I really wonder whos payroll liberals are on or are all liberals hoping to obtain a new government job in homeland security

Not watching for islamic terrorists
Not watching for illegals and drug runners no.

Watching for americans who dare to disagree with the obama messiah and his evil witch pelozi..

and i dont care if it hurts your poor feelings..

jcila on March 19, 2009 at 9:54 PM

Romeo:

You are ignoring the obvious. The People do not want these people getting these bonuses. So we can blame Dodd and the Democrats. Sure thing, that worked so well when we blamed them for the whole housing bubble didn’t it?

I think they are responsible myself, but the idea that all we have to do is point fingers at the Democrats and people are going to care is naive.

Terrye on March 19, 2009 at 9:43 PM

I’m ignoring nothing.

This is a bill of Attainder, and the Constitution prohibits Congress from passing them.

If in a fit of anger you throw out the Constitution, what good is it? If it does not protect us and limit the Government ALL the time, its worthless…

This would have been a 10 minute story if NOT for all the blustering going on in Washington… people would have moved on to REAL issues…. like the 1.2 Trillion more dollars the Fed just announced they are “printing”…

But no… the Repubs had to outbluster the Dems… and then give them cover by Breaking their oaths of office, by NOT FOLLOWING THE CONSTITUTION!

We now have the tyranny of the mob… where you say its OK to ignore the Constitution because “this is exactly what the vast majority of the American poeple wanted”.

Romeo13 on March 19, 2009 at 9:58 PM

what a bunch of idiots

notagool on March 19, 2009 at 10:00 PM

Class Warfare. Straight out of the “playbook”.

Period.

hillbillyjim on March 19, 2009 at 10:16 PM

How about a 90% tax on Congressmen’s pay?

Better yet, let’s pay them a dollar a year like this guy they raked over the coals the other day.

Dr. ZhivBlago on March 19, 2009 at 11:08 PM

Throw them all out!

Johan Klaus on March 19, 2009 at 11:12 PM

I new that dems had turned into a bunch of belly crawlers, but a bunch of repubs are slithering along with them.

Johan Klaus on March 19, 2009 at 11:16 PM

It occurs to me that they are moving these really bad bills through so fast so that we don’t really get to know what is in them… no debate… We just have to trust that they are doing the right thing.

Well, how many times in your life has someone said “Trust Me” and it turned out well for you?

We need some of that transparency Obama was supose to bring.

petunia on March 19, 2009 at 11:30 PM

Comrades,

ALINSKY RULE 5: “Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions. (Pretty crude, rude and mean, huh? They want to create anger and fear.)

faraway on March 19, 2009 at 11:34 PM

Romeo:

You are ignoring the obvious. The People do not want these people getting these bonuses. So we can blame Dodd and the Democrats. Sure thing, that worked so well when we blamed them for the whole housing bubble didn’t it?

I think they are responsible myself, but the idea that all we have to do is point fingers at the Democrats and people are going to care is naive.

Terrye on March 19, 2009 at 9:43 PM

I would say we didn’t blame Dodd, Frank, and the Democrats nearly enough. The greatest mistake the Republicans made in the early days of the subprime crisis was failing to scream for Dodd and Frank’s heads every single time they had a microphone in front of them. It should have become a centerpiece of McCain’s campaign: invite Obama to join him in demanding the resignation of these cretins, then make him umm and ahh his way through teleprompter-free explanations of why he refused to do so, head-slamming him with the details of their corruption after every helplessly stammered non-sequitur.

Not only would this have been good politics, it would have been a service to America. People like Dodd and Frank are enemies of the people of the United States, and no opportunity to remind the public of their crimes should be missed. They’re not just idiotic politicians who we should work against in the next election – they’re corrupt criminals that should have been removed from office last September, and spend the rest of their days either in a federal penitentiary, or hiding in Europe. The staggering re-election rate of politicians from safe liberal districts makes them essentially dictators-for-life, which makes it doubly important to keep them honest, and make them pay a price when they abuse the public trust. The movement to impeach Dodd should have begun ten minutes after he admitted lying about his knowledge of the AIG affair on CNN.

By allowing slime like Dodd and Frank to escape censure and remain in office, the Republicans, and the McCain campaign, allowed them to shape the narrative about the financial crisis, and they continue to do so. Apparently our financial meltdown is caused entirely by faceless corporate executives who are so wicked we can breezily violate the Constitution, and commit exactly the same kind of offenses against them that moved the Founding Fathers to take up arms – but not a single politician bears a shred of blame. At worst, they made a few “mistakes.”

These people are still in power, and they’re not finished causing damage yet. We just allowed Obama and his Democrat cronies to utterly destroy the value of a company taxpayers were forced to pay billions of dollars for – no skilled trader or executive in their right minds would ever go to work for AIG now. You can bet they’ll do the same thing to any other private enterprise they think can draw some heat off them, especially when the catastrophic failure of Obama’s presidency becomes too obvious for even the most disengaged “moderate” voter to ignore. The very concept of a contract has just been redefined, and businesses across America have been put on notice what their new fascist government can do to them – legal precedent and Constitution be damned. That should really help revive the economy – I’ll bet investors are chomping at the bit to pump capital into new business formation now!

You’re quite right that we have to do more than point fingers at the Democrats. We should be painting bulls-eyes on them, and profiling them on “America’s Most Wanted.” There is much else for the Republicans to do besides, but they owe it to the American people to make them understand what is being done to them, and who is doing it.

Doctor Zero on March 19, 2009 at 11:39 PM

If the bill is unconstitutional, Tim is right.

Now, why in the world did the gop vote yes to tax the ricjh at 90%?

What happened to their principles?

getalife on March 19, 2009 at 11:41 PM

When are we going to tax the senators’ salaries at 90% for their pork?

jediwebdude on March 19, 2009 at 11:48 PM

In the 1994 opinion United States v. Carlton, the U.S. Supreme Court unanimously held that retroactive tax laws did not violate the constitutional prohibition on ex post facto legislation.

Try again.

Mal Carne on March 19, 2009 at 11:49 PM

In the 1994 opinion United States v. Carlton, the U.S. Supreme Court unanimously held that retroactive tax laws did not violate the constitutional prohibition on ex post facto legislation.

Try again.

Mal Carne on March 19, 2009 at 11:49 PM

Bill of Attainder…

Romeo13 on March 20, 2009 at 12:02 AM

In the 1994 opinion United States v. Carlton, the U.S. Supreme Court unanimously held that retroactive tax laws did not violate the constitutional prohibition on ex post facto legislation.

Try again.

Mal Carne on March 19, 2009 at 11:49 PM

And, out of curiosity… how do you feel about all the Supreme Court decisions which have been overturned over the years…

Or Roe v Wade… or Kelo…

Romeo13 on March 20, 2009 at 12:06 AM

We now have the tyranny of the mob…
Romeo13 on March 19, 2009 at 9:58 PM

Nail. on. head.

It is time to declare that we can govern ourselves and dissolve the bands.

There is much else for the Republicans to do besides, but they owe it to the American people to make them understand what is being done to them, and who is doing it.

Doctor Zero on March 19, 2009 at 11:39 PM

The precious Republicans that so many cherish as their salvation are as worthless elected officals as the Democrats. There are none that do good. Not one.

AZ_Redneck on March 20, 2009 at 12:22 AM

Mal Carne on March 19, 2009 at 11:49 PM

Article I, Section 9

No Bill of Attainder or ex post facto Law shall be passed.

It is a plain-text reading.

AZ_Redneck on March 20, 2009 at 12:25 AM

Aside from moral reprehensibility, it an unconstitutional bill of attainder.

The left’s overreach is showing that the new ‘progressives’ are not trustworthy to govern.

petefrt on March 20, 2009 at 3:19 AM

Not only did half of the Repubs in the House vote to take the legally contracted bonus money away, my LIBERAL as can be “Representative” voted to let the bonuses stand. It also dropped 25 degrees here today.

RULE OF LAW people, RULE OF LAW!!!

NOT rule of convenience…NOR rule of MOB

Gohawgs on March 20, 2009 at 3:21 AM

90% huh? So in other words they get to keep 10% of the bonus or $14,600,000 of taxpayer money because democrats don’t read the laws they vote for. Of course, this is only true if this special tax is not ruled unconstitutional. The actual cost to taxpayers will also include legal fees, win or lose, as well as the salaries of congres to spend time debating and voting on this special tax.

Dollayo on March 20, 2009 at 3:38 AM

yep. Signing crap they didnt read just cost us all this extra work and money. Sure isnt how I’d run my business. I wouldnt be in business long, I can tell you that.

johnnyU on March 20, 2009 at 5:26 AM

oh and I want their names still, just for the record. That I hope comes with the law, you know, a recipients list?

johnnyU on March 20, 2009 at 5:27 AM

There you go goopers, some of your own people voted for this.So as you slam the Democrats you better save some powder for your own party. People aren’t mad at the Democrats, their mad at Wall Street greed. Bush broke the country, Obama and the Democrats will put it back together without your help. Go listen to Rush, he is your brain.

athensboy on March 20, 2009 at 7:23 AM

athensboy on March 20, 2009 at 7:23 AM

I’m surprised to see you welfare-queen democRATs up so early! so bush broke the country huh?? did he run up TRILLION DOLLAR deficits hmmmmm??? you’re beyond stupid…if you RATs were so worried about deficits why didn’t you CUT SPENDING??? hmmmm?? oh because you have to pay off the leech democRAT groups like ACORN that got your savior elected.

I jus hope idiots like you suffer the most under obama…and I hope you live in NYC or DC when our new ‘friends’ the iranians NUKE IT.

have a nice day, retard.

right4life on March 20, 2009 at 7:53 AM

Yeah, Obama should not make fun of the Special Olympics.

But Obama did say “Tim Geithner, you are doing a heck of a job!

Nuiance!

It is not faux outrage over stupid things Democrats say, is is real outrage over their hypocrisy that needs to be called out.

Maybe Allah will go back to Patterico (or maybe even Protein Wisdom) and no be so outraged as explain what Obama’s intent was.

Mr. Joe on March 20, 2009 at 8:25 AM

I have decided that Obama manages by distraction. It’s all he knows. It’s all he blamed others for while he was campaigning, and now it’s all his office is manufacturing. The American people are falling for it too. If they continue to create distractions with Rush, Santelli, Cramer, faux AIG bonus outrage, we’ll never be able to track how really poorly he’s performing as a president. Brilliant strategy, actually. The sheeple continue to have the wool pulled over their eyes.

sheesh on March 20, 2009 at 8:36 AM

Wow. This is great. It’s a win-win for Congress. They get to “express their outrage”, and either the courts will strike it down as unconstitutional, or it’ll be upheld, and they’ll be able to tax anybody they don’t like.

hawksruleva on March 20, 2009 at 8:50 AM

Initially I thought the tax would be a nifty way out of the bill of attainder problem, but Tom Maguire makes a sterling point about precedents. First they came for the bonuses…

That surprises me Allah, I thought you would clearly see that this is unconstitutional.

What is really bothersome is not only that this law specific individuals and is expost facto, but that so many Republicans supported this.

When are the people here going to understand that both parties are screwing us and to have faith in the current two parties is simply a road to socialism.

True_King on March 20, 2009 at 9:36 AM

Wouldn’t be nice if we the people had the power to edit the 8000 pork items.

mixplix on March 20, 2009 at 9:50 AM

Into the way back machine: 2005, Congress passes an apparently unconstitutional bill to mollify an angry public and later lives to regret it.

Things must look really bleak for Congress to be pulling this kind of stuff.

More reason why taxpayers should be more than a little scared. : )))

http://blog.heritage.org/2009/03/20/morning-bell-taxpayers-should-be-more-than-a-little-scared/

Angry Dumbo on March 20, 2009 at 10:05 AM

Dammit – Eric Cantor voted for it? Is he trying to be just another greedy self-serving Congressman?

I’m tired of the GOP trying to “get out in front of the outrage” as opposed to admitting that Congress should’ve done a better job if they wanted to prevent bonuses.

hawksruleva on March 20, 2009 at 10:18 AM

First let me make it clear that any corporate executive cockroach that takes bonuses (Merrill Lynch was even worse) either with bailout money or when they know their company is soon to go bankrupt, should be unceremoniously hung from the nearest lamp post.

But having said that I have nothing but contempt for Democrasts and Democrat-Lites (RINO Republicans) who voted for this legislation.

1 It is obviously unconstitutional (bill of attainder) since it is an after-the-fact punishment tax.
2 It shifts the blame from the Democrats good buddies at AIG squarely onto AIGs shoulders where the Democrats (who for years have accepted bribes-er “campaign contributions” from) can now accuse these executives of greed and make pious and pompous speeches about “corporate criminals.”
3 But mainly it is diversionary tactic to direct attention away from a $170 billion boondoggle by concentrating on a miniscule (.001) portion of it.
4 By excoriating greedy AIG leaders you also divert attention from the fact that Chris Dodd (chief recipient of AIG corporate contributions ($103,100) repaid his buddies by putting corporate bonuses back into the rescue bailout and then blamed the White House for pressuring him when caught flat footed in a lie.

The truth is that AIG executives and Democratic congressmen were partners in crime not only for the ludicrous bailouts but for our current economic crisis.

MaiDee on March 20, 2009 at 10:19 AM

These people are like the damn inmates running the asylum. NO DAMN MORE!!!!! Do we have the stones to fix this or not?

Gulfcoastconservative on March 19, 2009 at 8:39 PM

Unfortunately, I really don’t think we do. We have become so complacent and some incredibly destructive things are going to destroy our once great nation.

Unless, of course, if the miracle of great action by true patriots does happen.

Grafted on March 20, 2009 at 11:03 AM

sheesh on March 20, 2009 at 8:36 AM

Blaming others for your problems or mistakes is classic passive-aggressive behavior.

ladyingray on March 20, 2009 at 11:21 AM

I just fired off an e-mail to Walter Jones about how proud he must be for sticking it to those guys at AIG. I did mention how he trampled the Constitution, Article 1 Section 9, No Bill of Attainer or ex post facto Law shall be passed, to do it. If he didn’t have a copy of the Constitution I would be glad to sent one.

redneckrick on March 20, 2009 at 12:11 PM

I’d feel more concerned about 90% ex post facto taxes if those weren’t the same bozos who ran the outfit into a crater.

pedestrian on March 19, 2009 at 6:31 PM

They aren’t the same “bozos”, they’re from a different division and they’re the ones cleaning up the mess.

After this, AIG will only be able to hire citizens of other countries, who are outside of our Congress’ reach.

LarryD on March 20, 2009 at 12:28 PM

this is great news now the goverment in all her stupidity is coming after us by name using the tax laws as a weapon.and the stupid masses want more of this.libs are like the jim jones followers except now you are drinking the koolaid ,all i can say is bottoms up jerks.if i owned a big company in america i would move out ,i hope aig moves to canada.when you threaten to kill somebody because he got a bonus ,what are they going to do next year when you get a christmas bonus.any company with a brain would now cancel every bonus from now on so as to protect them selves from the press.

wade underhile on March 20, 2009 at 2:40 PM

House passes 90% tax on AIG bonuses

Nothing wrong with that.

wade underhile on March 20, 2009 at 2:40 PM

There’s no place on the planet that the government can’t find you and reclaim what is rightfully theirs.

sethstorm on March 20, 2009 at 5:04 PM

After this, AIG will only be able to hire citizens of other countries, who are outside of our Congress’ reach.

LarryD on March 20, 2009 at 12:28 PM

But not out of the reach of our military.

sethstorm on March 20, 2009 at 5:04 PM