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Published on Mar 20, 2009
Congressman Dan Lungren (R-CA) addresses the bonuses made to AIG executives using taxpayer dollars. Although the bonus payments are an outrageous and unjustifiable use of taxpayers' money, taxing the bonuses at confiscatory rates is unconstitutional. This sets a terrible precedent for the use of the tax code against other groups not favored by the government in the future. There are other legal and constitutional ways to get the money back and prevent this from happening in the future.