Re: Congress moves to bail out newspapers - and regulate just a little of what they p
It may yet be dead in the water.
That's what I was saying a few weeks ago, about a plan to retroactively and punitively tax people receiving bonuses.
Oops.
It may yet be dead in the water.
WASHINGTON — The White House said Sunday that using tax law to pry bonuses from bailed-out company executives is "a dangerous way to go" and a Republican senator advised against Congress "grabbing its pitchforks and charging up the hill" in pursuit of the cash.
While acknowledging public outrage over $165 million in bonuses paid by a financial firm that had turned to taxpayers for aid, the administration's economic advisers said President Barack Obama wouldn't "govern out of anger."