Obama Citizenship

Could the AIG ?Bonus Tax? be Unconstitutional?

By Phil

The blogger at EstelPowell has an interesting viewpoint that could play a part in how Congress is able to deal with taxing bonuses for the sake of punishment:

What [Congress fails] to realize, is penalizing a company for an action through taxation is unconstitutional. In the case below Congress tried to make companies more taxes if they employed children in certain industries and broke certain regulations. This was passed in 1919, but in 1922 the SCOTUS (Supreme Court of the united States) declared it unconstitutinal to penalize a business for it?s practices.

If you take this case and compare it now to AIG, then we cannot tax them legally. I?m upset like most Americans, but you have to keep in mind the Politicians thrive off of deception. The Democratic Congress formalized the 1st stimulus bill and Chris Dodd himself specifically gave the companies the rights to give bonuses on anything prior to February 11, 2009. So they left the door open for this to happen. Now they wanted this to happen I FEEL, because this creates controversy and they get to do the smoke and mirrors act. They look noble in your eyes. But if you look at the huge picture, they are only trying to get you to believe the government needs to intervene and take the extra step in taking more control of the economy in the uS.

http://en.wikipedia.org/wiki/Bailey_v._Drexel_Furniture_Co.

Of course, as I’ve previously reported, this wouldn’t be the first time that this Congress has allegedly overstepped the boundaries of the Constitution.

-Phil

Full post as published by The Right Side of Life on March 19, 2009 (boomark / email).