Skip to comments.House OKs 90 Percent Tax on Bonuses
Posted on 03/19/2009 12:05:53 PM PDT by DakotaRed
Breaking news alert from Fox News, the House has approved the 90% tax on bonuses given out by firms that accepted bailout funds.
(Excerpt) Read more at foxnews.com ...
Actually, the top rate was 91% when Kennedy took office. He cut it to 70%.
This is BOLSHEVISM. This is TERROR.
I can’t believe not a single representative voted PRESENT.
If they can do this to these people is there anyone they cannot do it to.?
I dont know the Constitution well enough to say this is unConstitutional, but it damned sure aint right.
I dont go along with paying these people this kind of bonus , but one wrong doesnt excuse doing another.
These people are passing bills like there is no tomorrow. What is the rush, cant they step back a second and look some of this crap over? They are running wild. passing things that havent been read, passing bills that arent right. I am not a historian, but I am 65 years old and have never seen anything like this mess in my lifetime.
My feelings are that the Supreme Court judges are quietly sitting and smiling tonight. It’ll even be hard for the liberal judges to just look the other way on this law. Plus you have the idiots who wrote this....naturally have experience from the previous bailout writing....so they are 1-star writters of law at best. The court will carve this up and probably have it tossed out by the end of June.
"These clauses of the Constitution are not of the broad, general nature of the Due Process Clause, but refer to rather precise legal terms which had a meaning under English law at the time the Constitution was adopted. A bill of attainder was a legislative act that singled out one or more persons and imposed punishment on them, without benefit of trial. Such actions were regarded as odious by the framers of the Constitution because it was the traditional role of a court, judging an individual case, to impose punishment." William H. Rehnquist, The Supreme Court, page 166.
What is the gov doing while they have our attention on this?
I thought I just heard a report on Fox that 100 of the Yeas had changed their vote to Nays.
I just called my Congressrat’s (Kilroy, D-OH 15). I told them that bills of attainder are unconstitutional. The aide said, “A bill of what? I never heard of that.”
Thanks, here is the correct link to the vote.
If they can take away their bonuses, we will not be far behind.
Ex post facto is relevant only in criminal matters.
But it is a bill of attainder.
2. Will any Senate Dims EVER read the Constitution, and also support this fillibuster, preventing the bill from passing?
3. Will ZERO veto this bill, if it gets to his desk?
I cannot wait to see Hannity tonight.
Probably why they did it. They knew it would fail.
I don’t see them reversing the Dodd clause, making a law where government shareholder has a say over bonuses from the beginning. Because that might work in the future.
Opening borders, abandoning Israel, kowtowing to China, homosexuals, and killing thousands of babies, for starters..................
So after the Dems put those bonuses in the stimulus bill they turn around and take them out? That will teach those wall street types to trust them!
Yes, thanks. Posting too quickly does that.
Incredible. 1 Dem voted NO.
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