Senate Republicans Brake Rush to Tax AIG Bonuses

[Hepburn]

Senate Republicans are drawing out a flap that has made the Obama administration squirm, applying the brakes to Democratic attempts to quickly tax away most of the bonuses at troubled insurance giant AIG and other bailed-out companies.

Sen. Jon Kyl, the Republicans' vote counter, blocked Democratic efforts Thursday evening to bring up the Senate version of the tax bill to recoup most of the $165 million paid out by AIG last weekend and other bonuses in 2009. The House had swiftly approved its version of the bill earlier in the day.

By rushing, Kyl said, Democrats were letting populist outrage trump informed decision-making in the Senate, which is supposed to be insulated from the pressures of public passion.

"I don't believe that Congress should rush to pass yet another piece of hastily crafted legislation in this very toxic atmosphere, at least without understanding the facts and the potential unintended consequences," Kyl said on the Senate floor. "Frankly, I think that's how we got into the current mess."

http://abcnews.go.com/Politics/wireStory?id=7138425

Rushing to Judgment??? Oh, Sen. Kyl ~~~ which party said that the govt should NOT have a say-so in salaries/bonuses when the stim bill was passed to begin with?

BTW: FU, Sen. Kyl....:eyes:

[DrDan]

1. once was a time when the Congress and the Senate worked for the best interest of the citizens

that time has long past. The money for these guys has also gotten too big. Corporate and personal interests focus the issues accordingly - not the interests of their constituents. Mitch McConnell, Trent Lott and the like have not become rich from their salaries.

That 90% tax was misplaced. It should be imposed on congress based on favorability ratings from their constituents.

[norepubsin08]

3. any income for anybody above 250000K per year

should be taxed at 50% or more!

[DrDan]

4. we need legislators that represent us for a change - not their corporate interests

[opihimoimoi]

2. Fascism is when them Cooperate interests get too much say in all things political