New Evil Tax Proposal...

  1. You have chosen to ignore posts from TheMovieFan. Show TheMovieFan's posts

    New Evil Tax Proposal...

    Senators announce plan to tax bonuses


    OUTRAGEOUS! Congress is considering a punishing tax on the rightly deserved bonuses of AIG employees! I have learned from the right-wingers on this board that no tax is good! If these people have their bonuses taxed away, what incentive do these people have to continuing excelling at their work. They have clearly earned these bonuses for their unique contribution to the history of finance. Whatever problems there might be at AIG, using taxes to unfairly punish the best and brightest of America's workers is not the answer. These people have lives, families and bills to pay.
     
  2. You have chosen to ignore posts from BobinVa. Show BobinVa's posts

    New Evil Tax Proposal...

    Government is not the solution, it is the problem. AIG went belly up largely because that liberal crook Eliot Spitzer forced them to fire their CEO in 2005, and AIG then took big risks on the housing market.

    Taxing individuals to punish them is akin to a "bill of attainder" and is unconstitutional. Not that the liberals care about the Constitution, when they are desparate to keep the voters from realizing Obama-nomics is a crap sandwich.

    Maybe someone should have read what that crook Chris Dodd put into the stimulus bill, before voting on it.
    Senator Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group (AIG: 0.9768, 0.1967, 25.21%) bonus recipients so the government could recoup the $450 million the company is paying to employees in its financial products unit. Within hours, the idea spread to both houses of Congress, with lawmakers proposing an AIG bonus tax.
    While the Senate constructed the $787 billion stimulus last month, Dodd unexpectedly added an executive-compensation restriction to the bill. That amendment provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009,” which exempts the very AIG bonuses Dodd and others are seeking to tax. The amendment is in the final version and is law. Also, Sen. Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org.

     
  3. You have chosen to ignore posts from dexter67. Show dexter67's posts

    New Evil Tax Proposal...

    "I have learned from the right-wingers on this board that no tax is good!"

    First off that is bull and you know it. No one on these boards has ever said that no tax is good. Plenty of peope have argued against RAISING taxes and/or adding more taxes. But that is completely different than saying no tax is good. Obviously some amount is needed to run the country at a State and Federal level. So save your rhetoric for moveon.org please.
     
  4. You have chosen to ignore posts from brat13. Show brat13's posts

    New Evil Tax Proposal...

    The biggest issue I have is they are being called "retention bonuses" (because everyone laughed at "performance bonuses" for people who ran a company into the ground) and a large number of those getting the bonuses no longer work for AIG. WHAT RETENTION?
     
  5. You have chosen to ignore posts from Halcyonera. Show Halcyonera's posts

    New Evil Tax Proposal...

    I agree Bob, I'm not sure how any measure could be considered as anything but a bill of attainder. The administration's shock about the bonuses is actually commical, but also sad. It would be one thing if he had been a governor. However, one would think that a Senator would actually read a bill before signing it, especially one of this magnitude and despite running for President. As much as these bonuses are BS, business will be business, and the time to set the parameters was in October, and not retroactively.
     
  6. You have chosen to ignore posts from GreginMedford. Show GreginMedford's posts

    New Evil Tax Proposal...

    Chris Dodd EXEMPTED these bonuses and is now claiming he knew nothing about them. Ooooops!

    The prohibition required under clause (i) shall not be construed to prohibit any bonus payment required to be paid pursuant to a written employment contract executed on or before February 11, 2009, as such valid employment contracts are determined by the Secretary or the designee of the Secretary.


    Senator Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group bonus recipients so the government could recoup some or all of the $450 million the company is paying to employees in its financial products unit. Within hours, the idea spread to both houses of Congress, with lawmakers proposing an AIG bonus tax.
    The move represents somewhat of an about-face for the senator.
    While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. That amendment provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” -- which exempts the very AIG bonuses Dodd and others are now seeking to tax.
    The amendment made it into the final version of the bill, and is law.
    Separately, Sen. Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100.

    A spokesperson for Senator Dodd said the senator "was completely unaware of these AIG bonuses until he learned of them in the past few days; to suggest that the bonuses affecting AIG had any effect on Senator Dodd's action is categorically false."
    One of AIG Financial Products’ largest offices is based in Connecticut.

    The half Waitress Sandwich is laughing all the way to the bank.
     
  7. You have chosen to ignore posts from sk8ter2008. Show sk8ter2008's posts

    New Evil Tax Proposal...

    The American people will figure out soon enough that the anger on the democrats are faking is just a political ploy to make them look like the victims.

    Geez, does anyone really think they are that stupid?
     
  8. You have chosen to ignore posts from sk8ter2008. Show sk8ter2008's posts

    New Evil Tax Proposal...

    How convienent!!

    Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.
     

Share