CBO: TARP Executive-Pay Limits Would Cost Treasury $10.9 Billion Over 10 Yrs

Dow Jones Newswires ^ | Feb. 10, 2009

[originalbuckeye]

Law of unintended consequences. Ridiculous the Dems would prefer to punish executives than reap more taxes. Appalling!

[Wolfie]

On the other hand, I can’t help but wonder what revenues have been lost by offshoring jobs. But I bet the Dow Jones Newsire’s not worried abou that.

[Repeal The 17th]

Minimum wage meet Maximum Wage.
Welcome, comrade.

[Army Air Corps]

Congress is populated with some seriously stupid people.

[bronxboy]

Unless they pay the money back...they would be using taxpayer money...we would be paying the whole thing. It’s cheaper to lose the taxes then pay the entire amount...whoever wrote this article is a fool. Not that these guys pay taxes...they have all sorts of tax loopholes.

[proxy_user]

The more capable people would simply take jobs at other companies.

Any stockbroker who brings in four or five million a year in revenue can easily get a job anywhere for a million a year. That is the truth Congress doesn’t want to recognize.

[Wolfie]

I’m thinking we just give $100,000 a year to everbody on welfare. Think of the taxes we’d collect!

[Army Air Corps]

A situation encouraged by Congresscritters who wish to make companies “pay their fair share” with one of the highest corporate income tax rates in the Western world.

[Army Air Corps]

Bingo.

[bronxboy]

People who make 100,000 pay taxes...it’s not enough to take advantage of the loophole...most between 75,00 and say 250,00 pay the bulk of taxes.

[bronxboy]

Hit the pavement Jack...be sure to put on your resume...made risky stupid loans and bankrupted the country...plenty of takers, I’m sure.

[bronxboy]

Yes, but they don’t pay the taxes as they have lots of tax goodies to make sure they don’t...there stupid bonuses are tax deductible. You think they have been donating to Congress for no reason?

[proxy_user]

I guess you didn’t read the whole post. They take their rich customers with them when they leave, and their new brokerage house gets the revenue.

If you are that kind of stockbroker, you are a top salesman who can work anywhere.

[bronxboy]

Do these guys still have rich customers, and I did read the article...I’m more impressed with a local banker who makes responsible loans and is helping out his community in a responsible way...these guys are shysters as we say in New York.

[bronxboy]

Now this banker is a mensch-which in New York (Yiddish) means a person of integrity and honor.

http://www.freerepublic.com/focus/f-bloggers/2183645/posts

[originalbuckeye]

IIRC the September bailout was sold to the American people as loans that would be paid back with interest. So, yes the money that was given out in the initial installment was to be paid back and we were supposed to make money on the deal. I believe that Geithner, Paulson, Bernanke and some guy named Neil or something, Democrats all, were in charge of the distribution so blaming the Bush Administration is just more of Zero's lying. And, Bronxboy, ask New York state how much they've lost in tax revenues due to the lifting of bonuses in their state.

[kenavi]

IIRC the September bailout was sold to the American people as loans that would be paid back with interest. So, yes the money that was given out in the initial installment was to be paid back and we were supposed to make money on the deal.

By that logic, we should force the execs to double their compensation, so we could lend more and get more principal, interest, and income tax back.

[Boiling Pots]

As are the executive halls of the biggest banks.

These whining crybabies should have been smart enough to know taking Gov’t money would equal this. Plus they pretty much all backed Obama in the election. eff ‘em.

[originalbuckeye]

I am not advocating that. I'm just saying that the money was given, with no strings attached at that time, and if the can pay the money back with interest, what business is it of our where it went? Now, they will have to pay it back with interest. We were told we would MAKE money on the September bailout. The stimulus is nothing but the Barack 0bama Reparations Bill to Benefit those who Contributed to the 0bama Campaign. This money WON'T be paid back with interest; it won't be paid back at all!