Kudlow on AIG Bonus Taxes
From this article:
Is there truly a tax-the-rich hidden agenda in Washington that goes far beyond the Obama budget?
I wonder about this simply because there’s a much better way to recoup the misbegotten AIG bonuses. Though no one in Congress is paying any attention to beleaguered Treasury man Tim Geithner, he explained in a March 17 letter to Nancy Pelosi that the Treasury “will impose on AIG a contractual commitment to pay the Treasury from the operations of the company the amount of the retention awards just paid. In addition, we will deduct from the $30 billion in assistance an amount equal to the amount of those payments.” So the AIG bonus problem can be remedied in a much calmer and simpler way than returning to 90 percent tax rates.
Makes ya think… or oughta.
Tags: Politics