It appears the Senate may not move as quickly to destroy the financial sector enact a punitive tax on TARP employee bonuses as the House did.
President Obama, after whipping up populist outrage against the AIG bonuses, hedged on the tax in his “60 Minutes” interview, and some Senate Democrats are having second thoughts, reports CQ Politics:
With two Republicans signed on as cosponsors, the legislation written by Baucus and Grassley could have a clear path through a Senate with 58 Democrats sitting in the majority.
But with a chunk of the Democratic Caucus remaining uncommitted to the legislation and some top Republicans vowing to slow it down, Democratic leaders would have a significant problem on their hands if they tried to push it forward.
All of this is disappointing to Senator Suicide:
Charles E. Grassley of Iowa, the committee
