DOES CAROLYN MALONEY READ MY BLOG?
So I propose a 100% federal tax on those AIG bonuses this morning and what do you know:
Rep. Carolyn Maloney has come up with a solution to the AIG bonus conundrum: Tax them into oblivion.
The New York Democrat is proposing legislation that would tax the offending bonuses at 100 percent.
"This will allow AIG to continue to meet their 'contractual obligation' to pay these bonuses, but will ensure that the recipients are not allowed to keep this money," Maloney explained in a Dear Colleague letter sent out today asking for co-sponsors....
(Also see the link above for a similar proposal by Michigan congressman Gary Peters, and see this Marc Ambinder post.