Congress is
outraged over the bonuses paid by the insurance company AIG. So the
House voted by a 328-93 margin to impose a 90 percent tax on the
payments. But in so doing, writes Steve Chapman, members resolutely
avoided a couple of inconvenient realities. The first is that the
fault, if any, lies with the same people who are now angry. The
second is that the tax conflicts with the clear intent of the
Constitution.
Reason Magazine
New at Reason: Steve Chapman on Congress and the AIG Bonuses
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