Congress Considers 100% Tax on Working People
to fix their own stupidity and sloth.
| Talk about the gall of these thieves in
Washington. They write the legislation that allows AIG to run their
business "as usual", they approve a stimulus bill for $800 Billion
dollars that no one in Congress reads, then they criticize the
Congressional Budget Office for making negative comments because
they only read 40% of the bill that Congress didn't read at all,
then the Ominbus bill for $400 Billion with 8500 earmarks, and now
they want to legislate a 100% tax scheme on AIG because AIG has
contracts that require paying bonuses to certain executives. It is time to send a message to this and every other Congress. The American people consider you a bunch of fools, who represent yourself, not the citizens of the states or districts that elected you. You richly deserve the 0% approval rating that you typically get. Senator Grasley says the executives should resign or commit suicide. This sentiment should be directed to the members of Congress that caused this mess- Chris Dodd, Barney Frank, Charles Schumer, Barack Obama, Hillary Clinton, Bubba Clinton, and all the other a-holes running Congress. Where do these cretans get this gall, other than their longevity in Congress screwing the American people. These are the criminals that took pay raises in the midst of this recession, they took vacations while gasoline soared to $5.00/gallon, and they complain that AIG is fulfilling their obligations to certain employees which is in accordance with contracts that Congress knew about when they approved another $30 billion. Do yourself a favor America. Send these morons home to learn what
it is like to earn a living
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Tax AIG Executive Bonuses, Dodd SaysAs public and political outrage grows over $165 million AIG paid as bonuses to executives while taking billions in taxpayer dollars, some in Congress want to tax the bonuses.By Trish Turner FOXNews.com Monday, March 16, 2009 As public and political outrage grows over $165 million AIG paid as bonuses to executives while taking billions in taxpayer dollars, an idea is germinating in Congress. If you cannot get the money back, tax the bonuses. "It's an idea very much at the embryonic stage," said Senate Banking Committee Chairman Chris Dodd, D-Conn., "You can write a tax provision targeted specifically at 98 percent of the taxable proceeds." Dodd said that "doesn't violate the terms of the contracts," referring to legally-binding agreements that appear to preclude government action. Senate Finance Committee Chairman Max Baucus, D-Mont., says his staff is reviewing such a proposal. He called it a "worthy" idea but said he needs to know more about how it would work. Dodd says this is something that "could happen fast. We could write this tomorrow." Rep. Carolyn Maloney D-N.Y, the chair of the Joint Economic Committee, is also calling for a 100 percent tax on bonuses not related to commissions. In a letter she distributed to fellow legislators for co-sponsorship, Maloney introduces legislation that will instruct the Treasury and the Internal Revenue Service to develop guidelines that tax at 100 percent any bonus compensation that is not directly related to a commission for any recipient of TARP funds where the government is the majority owner of the company. "For a company that has required $170 billion in U.S. taxpayer assistance and is 80 percent owned by the United States government, this is clearly unacceptable," said Maloney. When asked if he plans to write legislation to limit the Federal Reserve's unfettered ability to lend money without strings attached, so as to prevent the situation with AIG from happening again, Dodd would not answer directly, saying only, "We need to look at that whole debate about modernization of the system ... they've got to do a better job." Dodd says he plans hearings into the AIG bonuses. The senator said he was told about the controversy on Thursday.
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