Wednesday, March 18, 2009
Unconstitutional Tax
“ 'If you don’t return it on your own, we will do it for you.' So warned Sen. Chuck Schumer (D-NY) referring to the $165 million in bonuses paid to employees of the (now) 80% taxpayer owned insurance company AIG. And how did Schumer plan to force those employees to give their compensation back? With a specially targeted 91% tax. Rep. John Dingell (D-MI) later upped the bidding to 95% but Rep. Steve Israel (D-NY) refused to be out-demagogued and proposed a full 100% tax. Speaker Nancy Pelosi (D-CA) then demanded that the House Ways and Means Committee draw up legislation by the end of this week." (Heritage Foundation) This is a clearly unconstitutional tax, but congressional liberals don’t care. They’ve been flouting the Constitution since before the ink was dry on its signing, so this is nothing new. (Just common sense)
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