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The Washington Independent
The Washington Independent

Please Rangel Don’t Hurt ‘Em

Glenn Thrush highlights a tweet from conservative Rep. Kevin Brady (R-Texas), bellyaching about a proposed punitive tax on AIG’s bonuses. Tax AIG bonuses? Why

Emmanuella Shea
News
Last updated: Jul 31, 2020 | Mar 19, 2009

Glenn Thrush highlights a tweet from conservative Rep. Kevin Brady (R-Texas), bellyaching about a proposed punitive tax on AIG’s bonuses.

Tax AIG bonuses? Why do Dems believe solution to every problem is higher taxes? Its government’s money, we own AIG – get it back!

This is just one data point, but it demonstrates the danger of the GOP’s all-in messaging on the AIG bonuses. What, exactly, does Brady support as a method of penalizing AIG? Presumably he supports H.Res. 251, which would give the Treasury the unprecedented power to veto executive bonuses. But some Republicans are saying that the treasury secretary should resign. And H.Res. 251 isn’t likely to go anywhere, whereas whatever the Democrats propose, however punitive, will have the force of bipartisan outrage against AIG.

A few hours ago, Lawrence O’Donnell got to ask Rep. Eric Cantor (R-Va.) the question I put to some of the congressmen (through their spokesmen) who sponsored H.Res. 251: Will he support a punitive tax on AIG? Cantor couldn’t answer; the people I talked to in Congress wouldn’t say yes or no, yet. But think about it: How can Republicans vote against any measure that puts the screws to AIG? Politically, they really can’t. That’s Brady’s quandary — he’s a member of an economic populist party now, like it or not.

Emmanuella Shea | Emmanuella Shea is a professional financial analyst with over 9 years of experience in the financial markets. Emmanuella is still concerned about the long-term stability of multimillion-dollar financial portfolios. She is skilled at persuading and manipulating high-ranking individuals in addition to her work as a Financial Analyst. Her decisions are trusted and respected, and her views are highly regarded. Her long-term ambition is to work as a policy advisor at the national level. She wants to use her unwavering dedication and drive to help developing-country people gain more dignity and autonomy.

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