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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (9561)3/19/2009 11:11:14 AM
From: DuckTapeSunroof  Respond to of 103300
 
Likely no problem then because the tax legislation seems like it will be EVEN BROADER than the very narrow language that was in the TARP bill --- and the windfall profits tax can be applied to EVERY BONUS PAYMENT over $10,000 at ANY COMPANY still in receipt of more then $5 Billion of taxpayer's bailout funding!

I sure hope that all the Republicans work to *improve* the legislation that was introduced in the House today --- making sure that it is EVEN MORE BROADLY APPLIED, with even fewer companies able to escape it's reach... and that very LARGE BIPARTISAN MAJORITIES rush it through.

(And, if any of the bailed-out companies don't like the extra tax on bonus payments... then all they have to do is PAY THE TAXPAYERS BACK and they can escape the tax. No problem, right?)

Although, I'm still wondering when all these financial companies will follow the example set by Credit Suisse and pay their worker bonuses in the same toxic debt instruments they cooked up. Or in their company’s own stock.