Quotes on the 90% Surtax Bill
As you may have already read a new bill sets a 90% surtax on those who earn more than $250,000 a received a bonus from a firm which took in over $5B in federal aide. Here are some quotes from Dealbreaker, Fintag and Obama on the issue.
Here is a quote from Dealbreaker on this:
A Dealbreaker commenter points out: "The bill that just passed is saying that anyone working for those firms with a combined family income of $250k or more will have the bank employee's bonus taxed at 90%."
The reason for this, which I hinted at yesterday, is that its difficult to get such a directed tax bill to pass constitutional muster without widening the people it impacts. If you think it is an accident that the bill has been set up this way after executive comp failed badly on the first two go-arounds, then you just don't understand the meaning of "never let a crisis go to waste."
Here is a quote from Fintag:
---Please God, if these wretched urchins have spent their ill gotten bonuses, please help them find a way to pay the tax that the almighty O needs to placate the rioting jobless and socialist state troopers who have lost everything to people smarter than they but who are now caught out by their own arrogance. Amen
Here is a quote from Obama while speaking on Jay Leno's Tonight Show
"Look, I understand Congress' frustrations," he said on "The Tonight Show with Jay Leno." But he suggested that legislators were being more vindictive than constructive.
"Everybody's angry... but I think that the best way to handle this is to make sure that you close the door before the horse gets out of the barn. And what happened here was the money's already gone out, and people are scrambling to try to find ways to get back at them," he said