Silly Little Country

Vetoing the AIG Bonus Tax?

I was told yesterday to have a little more faith in Obama than current events have led me to have, and responded that a veto of the AIG bonus tax bill would be the test.
Lo and behold, this morning the NY Times reports "Obama Uneasy About The Tax on Bonuses". Well he might be!

Mr. Obama, who initially said he welcomed the effort by Congress to tax bonuses, is now taking a more measured approach. The White House press secretary, Robert Gibbs, said the administration would have to consider the impact of the legislation on its wider efforts to prop up banks and increase the flow of consumer credit to families and small businesses.

“The president shares the outrage and the frustration that everybody has,” Mr. Gibbs said at his daily press briefing Friday, referring to $165 million in bonuses paid by the American International Group. Mr. Gibbs also acknowledged the larger goals. “All of that will be evaluated throughout the process when a bill gets to his desk,” he said.

posted by Alan Adamson @ 6:21 AM