Despite what the article states, Congress did not pass a 90% Constititionally prohibited ex post facto tax law, the House passed a tax bill. The Senate must pass the bill as well. Then the President must sign it before it becomes a law. One of the basic ideas behind the House 2 year terms and Senate 6 year terms, was to moderate or block impulsive action such as that the 90% tax bill represents. If it becomes law the Courts will act to throw it out, a slam-dunk as George Tenet used to say. The end of the world as we know it has not arrived quite yet. Jack
In the beginning, the crisis was caused by business taking way more risk than it could ever hope to manage. Some of that risk was taken not only by a lack of Gubmint oversight but Gubmint encouragement. Now, we have the Gubmint playing doctor. But these Gubmint boys and girls are practicing the medicine of centuries past. They intend to save the hemorrhaging patient by bleeding him with leeches, lots and lots of leeches.
And what about in 2006 and M3 reporting? Hummm, could it be that the "Tres" and the "Feds" saw this coming. And that we are very much into a deep depression but that the "Curtain" has yet to fall and expose the wizard. http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=92534
Hopefully you understand that it's attitudes like yours that CAUSE and ABET tyranny and unlawfulness.
What you say is true. But what's scary is how hastily the House passed their bill, and with bipartisan support. Hopefully the Senate will proceed with more caution and consideration of the broader ramifications of the House's knee-jerk reaction. However, a similar bill has been proposed in the Senate (albeit with 70% rather than 90% confiscatory rates). And there's absolutely no chance that this President will veto any kind of law passed by Congress along these lines. And then yes, HOPEFULLY the Courts will act with appropriate jurisprudence. While "the end of the world as we know it has not arrived yet", we're on the slippery slope to that destination.
Screw AIG and any other shitty ass company depending on taxpayer money as life support. Bonuses? Are you insane?
Congress is acting within the limits of the constituition. People are just ignorant. The constitution clearly says that the government can do as it likes with regards to DC and those who hold an office in government. All entities with a federal tax id number are subject to the whims of the government and not protected under the constitution so long as they continue to hold an office. It's a fact, read the constitution.
How long does a bill have to bake in Congress in order to be "moderate" and not "impulsive?" If it's longer than 45 days then you've got some 'splainin' to do because that's how many days after the towers fell that the PATRIOT act became law. BTW, the Court doesn't act, it decides...