House to vote on 90 percent tax for AIG bonuses

Yeah! Your exactly right! /s The unions, with a 20% productivity oughta have their pay taxed for overpayment! Is your salary taxed at 100% yet?

I'm not talking about unions or taxing people. All I'm saying is that executive compensation needs to be realistic and in line with a company's performance.

I'm not a fan of taxing the bonuses because I think it is a slippery slope. AIG should have used better judgement when writing the compensation contracts, i.e. poor performance = no bonuses

Looking for a post I put up the other day and just saw yours to me! Sorry I missed it before...

You’re very welcome for the link, I’m glad I could help! Thank you for the compliment on my page. :)

I believe that it is functionally a bill of attainder, but since the victims are defined by characteristics rather than by the name of individuals or a company, they can probably get away with it.

Hell with the bonuses, get the BILLIONS that are going over seas. Stop Hitlary from throwing our money around everywhere she goes. Stop paying for STONE THROWING at Israel, those stones have cost us billions and now Hitlary will reward them even more for the stone throwing.
All we hear is, I WON, I INHERITED this economy, Wrong, Wrong,Wrong,
obozo Did Not Win, Acorn Won.
obozo didn't inherit this economy and the lawless thieves in congress THEY created this mess. It was created to discredit Pres.Bush and the Republican party.
obozo and the socialist,communist, low life liberals that call themselves demorat are responsible for this entire mess.
Pres.Bush tried to clean up the mess that was handed to him,little did he know that he was being stabbed in the back by the RATS in congress.
This country Will NOT survive 4 years of obozo and his rats,they have taken over this country and unless he is impeached NOW, sooner rather than later this will go into a
WAR right here and obozo is the puppet, the mouth piece for the communist take over, a war will give the the puppet the right to declare Marshal law and that will be the end of any elections. The low life Rat that sees cows jumping over his house is putting everything into play to stop any chance of anyone else into the White House.
Mrs. obozo is already digging up the white house, for the children, here we go again, she is going to teach them to
destroy other peoples property and call it farming, using children to do it.
The rats trashed the White House and Pres.Bush had to restore it.
When the rats get thru with the White House this time it won't be fit for any human to live in, it won't surprise me if they totally destroy it and build a new mansion for the obozos.

Ms. PELOSI. I thank the gentleman for yielding, and I thank him for his leadership in bringing this legislation to the floor and his ongoing leadership in protecting the national interest of the American people as chairman of the Financial Services Committee.

[Time: 14:00]

And today with these two resolutions, I think that we are making two important statements. One is that the administration should continue in its efforts to recover the money and prevent these bonuses from going forward. And the other is that we want our money back and we want our money back now for the taxpayers. This isn’t that complicated. It isn’t that complicated.

There are other steps that we can take, and in working in a bipartisan way on the committees of jurisdiction, the Financial Services Committee for one, we will have other pieces of legislation which will ensure that this can never happen again. We’re working with the Judiciary Committee to say when is the national interest so offended that it is okay, then, to revisit a contract?

You hear all this talk about, oh, we can’t revisit contracts. It’s the Constitution. And we respect that, and we would not do so unless we would do so very carefully. But nobody seems to have a problem saying to auto workers in Michigan that their contracts must be revisited, that they have to take a deep cut in order to sustain an industry because that industry is important to our national security; we must have a manufacturing base and we cannot have it be undermined. So if the workers contracts are so subject to review and revision, why is it that when somebody gives a contract for a bonus to somebody for failure which is known not to be in the national interest that you can’t even bring up the subject?

Wll, that isn’t the subject for today in terms of legislation, but the subject of fairness and justice is.

...let’s take a step and say we want our money back. Here’s one way to get it. And then let’s work together to do more in that regard to bring justice to the system but, more importantly, to work together to bring stability to our economy.

With that, I urge our colleagues to support the resolutions before us.

http://www.thomas.gov/cgi-bin/query/F?r111:71:./temp/~r111B168UL:e55495:

From the Speakers mouth to the Supreme Courts Ears

Well, that isn’t the subject for today in terms of legislation, but the subject of fairness and justice is.

And then let’s work together to do more in that regard to bring justice to the system but,