Is 90% Punitive Tax Aimed at AIG Bonuses an Effective Deterrent or Unconstitutional Weapon?
Friday, March 20th, 2009The new punitive tax bill that is intended to recoup bonuses paid by the federal relief money is absolutely legal, despite detractors who say the law can be construed as unconstitutional for targeting specific groups like AIG.
The legislation would tax 90% of the amount received from any institution that took at least $5 billion in taxpayer aid. And from the looks of things, the only reason the bill isn’t taxing
