This is the scariest proposal I have heard from this administration yet. This is the slippery slope that will come back to bite each and every one of us in the future!
For instance, the company I work for is a private company that gets approximately 60% of its work via government contracts. I also get both longevity bonuses, and quality bonuses. They are minimal amounts (less than $1,000.00 a year) but I work hard for those. What if eventually the Obama team decides he hasn't taxed bonuses enough, and all bonuses should be included? That way he can keep his promise of not taxing incomes of the "bottom" 95%.
Please be careful what you wish for, it could well come true.
I guess this is yet one more reason why the bailout is a bad idea, ay. No matter what happens, if bonuses are paid the alternatives are bad: either they get yanked back and bad legal precedent is set, or they get paid and bad remuneration precedent is set.
The Devil and the Deep Blue Sea. Perfect. Obama should have fun juggling these turds.