Saturday, March 21, 2009

The Tax Gods Speak

House passes bill taxing AIG and other bonuses

Washington is sure protective of our tax dollars as Schumer, Pelosi et. al…cry fowl, "We want tax payer money back."

WASHINGTON – Denouncing a "squandering of the people's money," lawmakers voted decisively Thursday to impose a 90 percent tax on millions of dollars in employee bonuses paid by troubled insurance giant AIG and other bailed-out companies. The House vote was 328-93. Similar legislation has been introduced in the Senate and President Barack Obama quickly signaled general support for the concept.

"I look forward to receiving a final product that will serve as a strong signal to the executives who run these firms that such compensation will not be tolerated," the president said in a statement.

House Speaker Nancy Pelosi, D-Calif, told colleagues, "We want our money back now for the taxpayers. It isn't that complicated."


As a tax payer I want the government to return the $750 billion they plundered from the tax payer.

No comments: