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 ...
It’s much more than that. Barney Frank wants them to be outed so the peasants with pitchforks can hunt them down.
Why not propose and put to a congressional vote a bill that taxes all income above $500K at 100%. That is all income >$500 for every profession; lobbyists, actors, athletes, lawyers, professors, coaches, pundits, etc. As well as income derived from retired politicians speeches.
Not because I think it is a good idea, but because these idiots think taxes are a good thing. Or let's just find out once and for all what the "patriotic" amount of money we are allowed to earn.
Obama, Reid, and Pelosi will not be stopped until the MSM is crushed. Middle America is behind Obama/Congress’ blatant Marxist tyrannies because Middle American gets its viewpoint from the MSM.
This ain’t gonna change, folks, by ranting and raving about it on Hannity, Rush, or Free Republic.
The MSM is much more powerful.
It’s only a bill of attainder if you consider paying a tax a “punishment”. SCOTUS could flop either way on this. If they declare a tax is a punishment it would open the doors to many other actions. I’ll bet they let it stand.
Just for the record: Alcee Hastings and Charlie Rangel voted for it, LOL!
Seriously though, what’s Cantor doing voting for this piece of legislation???
Good for Cynthia Lummis (R-WY) !
I’m so glad Fox addressed this because I saw the same report and was totally confused.
ping to this discussion. What say you as to the constitutionality of this bill? Is it a bill of attainder?
How about a 110% tax against all campaign contibutions received from said companies ????
Heath Shuler has fumbled twice for NC today and It’s only afternoon..
Thanks for the roll call. This will help us know whom we should need to support — and defeat — in the next elections.
This makes me about as angry as the Kelo decision. Every day I’m glad I’m “old”; can’t bear to see what Amerika will look like in 20 years.
Now that is a question I would love to see posed to some of these politicians. Good one!
AIG CEO Edward Liddy should now walk into Congress, hand them a dollar, tell them to shove it, and then sit back and watch the entire thing come falling down around the necks of these corrupt politicians.
Congress and Obama allowed these bonuses to be paid by their own laws and incompetence. All of the money should be taken from their own wealth and retirement guarantees. Many should also be bussed off o prison for the scam and damage they have brought on all of us.
This will be found to be unconstitutional.
Rush mentioned a Libertarian proposing that every one vote for this bill.
1) It will dissuade businesses running hat in hand to the government for a hand out.
2) (My point) It will teach business to donate/vote Democrat at risk of being shanghaied after the check clears.
The Fed is printing money to buy T-bills from the Treasury dept. Think about it, how will this affect the value of the dollar?
How is this not an ex-post facto law?
Also heard this is clearly unconstitutional. Morons!
Thank goodness my rep voted no...