Yep, the highest tax rate Congress and the President pass to Americans and Business, should also apply to Congress and the President with no write offs, including retro-activity
Mr. Krauthammer, do you really believe a contract is still a contract? After the housing crisis 'resulution'??? This is a brave new world! The law applies only to saps now.
The Constitution specifically prevents the AIG Confiscation Law (or whatever the crooked democrats are calling it).
Of course, once Obama packs the courts with utterly corrupt, oops I meant “activist,” judges that pesky Constitution and Rule of Law will be less of a problem.
I was going to say the Supreme Court will be the final word on this matter....but it is so blatantly unconstitutional, I don’t think it will get that far.
So, if your company takes bailout money to build something (roads, bridges} and you get a $500 dollar Christmas bonus from your company like you do every year,but because they took bailout money, don’t you think that you will be taxed 90% as well? Slippery slope here.
Molon Labe!
It never fails to amaze me.
Year after year, for DECADES the Federales have run a deficit. Yet Congresscritters gleefully vote themselves raises, perks, medical benefits and truly awe-inspiring retirement benefits.
A company pays its people per contract and they go beserk.
Go figure.