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The TARP bonus confiscation: a modest amendment

Sure, the TARP penalty tax passed yesterday by the House of Representatives is insane. But hey, when Congress passes a lemon, we might as well make some lemonade. In that spirit, the Tax Update...

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AIG: An Insane Government

After last weeks AIG bonus frenzy, more sensible voices are emerging to point out some of the unintended consequences of the foolish TARP Bonus confiscation measure passed in the House last week. The...

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Senate may be sane (if only by comparison)

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...

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