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Thread: US Sen. Schumer threatens huge tax on AIG bonuses

  1. #1
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    US Sen. Schumer threatens huge tax on AIG bonuses

    This should chill a few companies.
    It should also help tank AIG of talent.
    I wouldn't want to work there with jerk offs like Schumer baiting and switching.
    Painting employees there as Satan.

    We need some CEO's to testify before the Senate and TAKE THESE MARXISTS ON.

    Grill THE LEGISLATORS.
    The creators of this mess.

    Don't sit and take the crap.
    FIGHT DAMN IT!

    "They should voluntarily return them (the bonuses). If they don't we plan to tax virtually all of it," Senator Charles Schumer, a member of the Democratic leadership, said in a speech on the Senate floor.
    "If you don't return it on your own we will do it for you"
    ...be forewarned you are never going to see it.
    US Sen. Schumer threatens huge tax on AIG bonuses | Currencies | Reuters
    Last edited by zimmer; 03-17-09 at 02:23 PM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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    Re: US Sen. Schumer threatens huge tax on AIG bonuses

    Quote Originally Posted by zimmer View Post
    This should chill a few companies.
    It should also help tank AIG of talent.
    I wouldn't want to work there with jerk offs like Schumer baiting and switching.
    Painting employees there as Satan.

    We need some CEO's to testify before the Senate and TAKE THESE MARXISTS ON.

    Grill THE LEGISLATORS.
    The creators of this mess.

    Don't sit and take the crap.
    FIGHT DAM IT!

    US Sen. Schumer threatens huge tax on AIG bonuses | Currencies | Reuters
    These retention bonuses are to keep sophisticated talent working at the company. The bailout money is to keep the company from going out of business.

    I reason that taxing the bonuses will shoot AIG in the foot...or maybe higher.

    It might wound AIG or kill it.

    And at worst ALL the bailout funds might have been wasted as well as having the effect of maybe causing other companies to fail in a domino-like phenomenon.

    OBL 11/24/02

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    Re: US Sen. Schumer threatens huge tax on AIG bonuses

    Quote Originally Posted by bhkad View Post
    These retention bonuses are to keep sophisticated talent working at the company. The bailout money is to keep the company from going out of business.

    I reason that taxing the bonuses will shoot AIG in the foot...or maybe higher.

    It might wound AIG or kill it.

    And at worst ALL the bailout funds might have been wasted as well as having the effect of maybe causing other companies to fail in a domino-like phenomenon.
    Would you, as a talent, want to work there now?
    How would it make you feel coming home at night?
    Telling people where you worked?
    Pride in company?
    Phew

    .
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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    Re: US Sen. Schumer threatens huge tax on AIG bonuses

    What a tangled web the democrats weaved.
    Let evil swiftly befall those who have wrongly condemned us

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    Re: US Sen. Schumer threatens huge tax on AIG bonuses

    AIG took taxpayer money.

    What did they expect would happen?

    The government shouldn't have given the money, true, but that doesn't matter now.

    I say the government takes back the taxpayers' money and lets AIG pay it's bonuses from it's own funds, if it wants.

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    Re: US Sen. Schumer threatens huge tax on AIG bonuses

    Let me propose a different scenario that would (if US. Sen. Schumer's Bill were to be passed) come about.
    What he is proposing is a way in which the Government would (Legally) be able to tax a (any) person's income retroactively.

    Now folks, use you heads.
    If this were to come about then there would be nothing to prevent Government say to you (the Taxpayer) ok you paid your taxes correctly in say 2000 but now your Government needs more money, so we are going to increase your taxes for that year 2000 by X%.
    Under this proposed Bill, you do not have a leg to stand on, likely you would probably not have a house to live in either.

    I am as outraged as anyone else at the idea that these guys at AIG receive a Bonus for in effect bankrupting their own company.

    But retroactive taxing will only cause more problems than it solves.

    What continually surprises me is why ostensibly sane people continue to elect idiots such as those in the DNC and GOP to office.
    They rarely enact laws that protect you the voter, they regularly strip away Laws and Regulations that are designed to protect you.
    They regularly accept donations from businesses that profit from the removal of Laws and Regulation.
    And yet, you still continue to elect them...........................WHY?

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    Re: US Sen. Schumer threatens huge tax on AIG bonuses

    Schumer knew about the bonuses before the money was given, just like Dodd, Frank, Geithner, and Obama. Talk about disingenious.

    And the whole thing is a smoke screen for the 70 billion they laundered through AIG to give to foreign banks.

    If they can tax them like this, they can tax us the same way, too.

    Scary stuff.

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    Re: US Sen. Schumer threatens huge tax on AIG bonuses

    Quote Originally Posted by Reverend_Hellh0und View Post
    What a tangled web the democrats weaved.
    LOL...once again the right wing is on the wrong side of an issue...trying to defend money managers who conspired to steal millions from hardworking taxpayers. Do you guys just obey your directives without thinking of the consequences? Keep it up, this is very amusing.

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    Re: US Sen. Schumer threatens huge tax on AIG bonuses

    Quote Originally Posted by WillRockwell View Post
    LOL...once again the right wing is on the wrong side of an issue...trying to defend money managers who conspired to steal millions from hardworking taxpayers. Do you guys just obey your directives without thinking of the consequences? Keep it up, this is very amusing.
    Did you know that AIG was Dodd's biggest campaign contributor?

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    Re: US Sen. Schumer threatens huge tax on AIG bonuses

    That was by far one of the most frightening speeches I've ever heard from a U.S. politician.


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