RANT: 90% taxes on employee bonuses

March 19, 2009

The House voted 328-93 to approve a bill imposing 90% taxes on employee bonuses from firms bailed out by taxpayers.

The bill would tax bonuses paid by firms that received more than $5 billion from the TARP. The Senate is working on its own plan to try to recoup bonuses.

The House bill is a response to the furor over millions in retention bonuses paid by AIG.

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Can anyone say “Bill of Attainder”?

If these bozos would actually read what they vote on, then they wouldn’t have to have this pretend outrage!

Don’t forget all the Hollywood, Education, and Sports types?

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