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Thread: Law Professor Who Advised Obama Says House AIG Bill May Be Unconstitutional

  1. #11
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    Re: Law Professor Who Advised Obama Says House AIG Bill May Be Unconstitutional

    The problem is that most of the bonuses are guaranteed to executives by pre-existing contracts, and they can't violate them by simply not paying out the bonuses in accordance with the stimulus package. The 90% taxation is a way to compensate for that, so that the tax dollars are reabsorbed after the contract is honoured. It's sneaky, I admit, but I think it's fair play in light of the contracts.

  2. #12
    ReverendHellh0und's Avatar
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    Re: Law Professor Who Advised Obama Says House AIG Bill May Be Unconstitutional

    I have been saying its Unconstitutional since it was first suggested.

    Quote Originally Posted by The US Constitution Article I, Section 9

    Section. 9. The Migration or Importation of such Persons as any of the States now existing shall think proper to admit, shall not be prohibited by the Congress prior to the Year one thousand eight hundred and eight, but a Tax or duty may be imposed on such Importation, not exceeding ten dollars for each Person.

    The Privilege of the Writ of Habeas Corpus shall not be suspended, unless when in Cases of Rebellion or Invasion the public Safety may require it.

    No Bill of Attainder or ex post facto Law shall be passed.

    No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or Enumeration herein before directed to be taken.

    No Tax or Duty shall be laid on Articles exported from any State.

    No Preference shall be given by any Regulation of Commerce or Revenue to the Ports of one State over those of another; nor shall Vessels bound to, or from, one State, be obliged to enter, clear, or pay Duties in another.

    No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.

    No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.

    Matthew 10:34
    Think not that I am come to send peace on earth: I came not to send peace, but a sword.

  3. #13
    Educating the Ignorant
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    Re: Law Professor Who Advised Obama Says House AIG Bill May Be Unconstitutional

    Quote Originally Posted by danarhea View Post
    Lawrence Tribe, who was Barack Obama's constitutional adviser during his campain, has just come out with something very interesting about Obama's plan to levy a 90% tax on corporate bonuses, and his argument makes a lot of sense. He says that it could very well be unconstitutional. He rationalizes this thought by pointing out that it would amount to a bill of attainder, which the Constitution outlaws.

    It makes enough sense to me that, although I am really pissed about screwups getting those bonuses, I have to agree that Obama does not have the legal right to tax them, as it, according to Tribe, legislates punishment for an identifiable class. Obama may be in a lot of political hot water, should he decide to continue to push this provision.

    What does everyone else think?

    Article is here.
    Not a typical Tribe stance let's say.

    I hope at least one AIG bonus receiver takes this to court.



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