Thursday, March 19, 2009

House passes bill taxing AIG and other bonuses

House passes bill taxing AIG and other bonuses.

A legally suspect ploy is what House Minority Leader John Boehner said. I have to agree.

When AIG got bailout money, there were hardly any strings attached to it and now Congress is trying to attach strings to the deal that weren't there originally.

I don't think AIG should pay bonuses, from a PR standpoint that is just brutally stupid. But it is their decision. Taxing them now borders on an ex post facto law, which I don't think it is, but it certainly looks that way.

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