Bonus tax not the answer, some say (CNN)

[eppur_se_muova]

(CNN) --
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But, as outrageous as the bonuses may seem, critics of the bill say the tax code should never be used as punishment.
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Texas Republican Rep. Ron Paul, who voted against the legislation, said Friday that Congress has a habit of reacting "minute-to-minute."

"They react in emotional ways, so when the banking crisis hit, instead of dealing with it over the last decade -- which I've been begging and pleading for them to do -- they wait and, 'Oh, there's a financial crisis,' " he said.

Paul said that while the bonuses are bad, the original government bailout is the root of the problem. Congress last year approved TARP, a $700 billion bailout of financial institutions.

"People are concentrating on these bonuses right now, but they're missing the point. The point is that we shouldn't be in the business of bailing out all these companies," Paul said.
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more: http://www.cnn.com/2009/POLITICS/03/20/bonus.bill/index.html#cnnSTCText




In other words, the original bailout under Bu**sh** is the real problem, according to Paul.

[Warren Stupidity]

1. It ain't the answer but it redresses a problem.

[mbperrin]

2. IS the answer, some say.

They won't let us take 'em to the gallows, so taxes it is!


"Some say" - great reporting!

[bemildred]

3. The dreaded "some say" strikes again.

I'm sure Al Capone would be glad to know that the tax laws are not meant for punishment. And quite a few other people too.