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Isn't taxing Exec bonuses 90% Unconstitutional?

http://firstread.msnbc.msn.com/archive/2009/03/19/1843705.aspx
House Democratic leaders have brought it up under special rules that require a two-thirds majority for passage. So now the question becomes, will it pass?

Given this motivation, many conservatives may believe that this legislation is a "Bill of Attainder"-a legislative action aimed at punishing individuals, explicitly prohibited by the Constitution in Article I, Section 9, Clause 3.

Answer Question
 
Anonymous

Asked by Anonymous at 2:51 PM on Mar. 19, 2009 in Politics & Current Events

Answers (37)
  • If it is I don't care. They damn well deserve to be taxed like that. some are returning it back.
    Anonymous

    Answer by Anonymous at 2:52 PM on Mar. 19, 2009

  • if they are stupid and dont return the bonuses then they deserve to be taxed they didnt earn that money whatsoever but the gov't was too quick to hand them the money and AIG screwed over all of taxpaying america
    Anonymous

    Answer by Anonymous at 2:54 PM on Mar. 19, 2009

  • Anon, it was in the stimulus bill to pay these bonuses. Congress passed it and Obama signed it! Why aren't you angry at the men and women who voted for it and have now decided to feign outrage? It's rediculous.
    Momtocccd

    Answer by Momtocccd at 2:55 PM on Mar. 19, 2009

  • I think it's a 100% Unconstitutional.

    What you need to understand is that the AIG bonuses are less than .1% of the bailout the company received, and in many cases those are the peoples bulk of a salary, because of a flawed plan put together by Congress. Congress has no business crying outrage.

    I don't have time to pull up the link- check it out on Glenn Beck. com.
    lovinangels

    Answer by lovinangels at 2:57 PM on Mar. 19, 2009

  • Obama did not sign the TARP bailout, Bush did. That was in place while we were voting and Bernake knew it was in there.

    This one is not Obama's fault.
    Anonymous

    Answer by Anonymous at 3:04 PM on Mar. 19, 2009

  • Bwahahahahah! The House just approved the 90% tax!
    LoriKeet

    Answer by LoriKeet at 3:08 PM on Mar. 19, 2009

  • It was NOT in the Stimulus bill to pay these bonuses. These executives had retention contracts drawn up LAST year (i.e. Bush era) when the market started to tank. They knew exactly what was happening and it was just a matter of WHEN to take the money and run. They are taking OUR hard earned money. MILLIONS of it. It should be deemed immoral and illegal. At least one of the beneficiaries of this "retention" money has jumped ship and left the country. So much for paying him a MILLION dollars so he'll stay in his job.
    Fawn80

    Answer by Fawn80 at 3:11 PM on Mar. 19, 2009

  • That great news. rolling on floor

    Anonymous

    Answer by Anonymous at 3:11 PM on Mar. 19, 2009

  • Anon you are coming off as rather.. well.... ignorant. The Dodd Amendment (that allowed the bonuses to be paid) was in the Stimulus Bill that passed in Feb of 2009.

    And the architect of the TARP? Is none other than Timothy Geithner! You know, the one Obama appointed to Treausry Sec. You remember the TARP, the one that almost didnt pass because Republicans were going to vote against it in 2008. Then Pelosi called them out as being partisan.

    OP~Yes it is unconstitutional. Apparently liberals in DC only want to protect the Constitution when it favors their agenda.
    grlygrlz2

    Answer by grlygrlz2 at 3:14 PM on Mar. 19, 2009

  • Sorry, you seem to be the one unable to google. But it is in fact TARP, and I don't care if Geitner AND Bernake did write it up, Bush still signed it.

    http://money.cnn.com/news/newsfeeds/articles/djf500/200903191139DOWJONESDJONLINE000757_FORTUNE5.htm
    Anonymous

    Answer by Anonymous at 3:17 PM on Mar. 19, 2009

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