Cooler heads have prevailed in the U.S. Senate and in this particular case, it is a good thing.
The Senate took its role as a deliberative body seriously and has buried the demagogic, backside-covering corporate bonus tax bill passed last week by the House. They’ve kicked the can down the road.
The Hill reports:
President Obama and Senate Democrats have buried a bill passed last week by the House that would have heavily taxed executive bonuses at bailed-out firms.
Despite the public outcry over $165 million in bonuses awarded at troubled insurer AIG, Senate Majority Leader Harry Reid (D-Nev.) showed little inclination Monday to bring the explosive issue to the floor this week or next. Instead, Reid is likely to delay action on executive compensation until late April, after the Senate returns from a two-week recess starting April 4…
…Senate Republican Whip Jon Kyl (Ariz.) said there is very little chance the Senate will act this week to recoup bonuses passed out at AIG and other corporations receiving bailout funds.
I still have seen very little questioning of the 85 Grabby Hands House Republicans, led by minority whip Eric Cantor, who went along with this abomination. How can they be trusted not to lose their heads when the next Kabuki outrage comes along? How can they be counted on to resist
the next confiscatory scheme down the road — say, this one?
I’m re-publishing all the names of the confiscatory Republicans again, because they deserve to be called out:
November 9, 2010 10:04 AM by Michelle Malkin
April 21, 2010 05:51 AM by Michelle Malkin
June 11, 2009 12:57 PM by Michelle Malkin
June 9, 2009 04:39 PM by Michelle Malkin
April 8, 2009 09:10 AM by Michelle Malkin