White House Toes The Corporate Line on AIG Bonuses

White House: AIG bonus tax may be ‘dangerous’:

Vice President Joseph R. Biden’s senior economic adviser, Jared Bernstein, said on “This Week” on ABC that he thought President Obama might be concerned about “using the tax code to surgically punish a small group of people.”

No no no no no

The tax on AIG executive bonuses isn’t a punishment. Its not using the tax code to unfairly target a small group of individuals.Nor is it the knee jerk public policy that some critics of the bill argue.

Lets be clear here. AIG executives took billions of dollars from taxpayers in order to stop the firm from going bankrupt and then diverted hundreds of millions of dollars to their personal bank accounts.

It’s not their money. They are not entitled to it. And if they had any morals or human decency they would return it.


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