March 20, 2009

On AIG and the Bonuses

Yes, it's outrageous that they got them. But no, I don't support Congress passing legislation to tax specific people. However, if Lawrence O'Donnell is right, I take that back:

There are 172 House members who take two oaths. They take an oath of office and then they take an oath to Grover Norquist, who is a Washington—a well-heeled Washingtonian fetishist about tax cuts. And they promised to him that they will never, ever vote to raise any taxes of any kind.

And half of them violated that promise, including Eric Cantor, who, it turns out, voted to do something today he said and promised his electorate he would never do, promised Grover Norquist he would never do. He voted for it—the biggest marginal tax rate increase in history—to take the top tax rate, from 35 percent to 90 percent. We’ve never seen a vote like it. It will never be passed in the Senate; it will never come up in the Senate. Nancy Pelosi trapped all those Republicans into voting for a huge tax increase.

Posted by Stephen Silver at March 20, 2009 05:07 PM
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