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Argument: Taxes should not be used to punish AIG

Issue Report: AIG bonuses

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Sen. Jim Inhofe (R-Okla.): “I just don’t want the government in a position where they’re going to be able to come in and selectively pass taxes [on those receiving AIG bonuses] that target one individual because of something the government thinks that person shouldn’t have done.”[1]

“Rumbling on. The Row over Bonuses”. Economist.com. March 23, 2009 – “In an appearance on the Jay Leno show he sang along with the chorus of disapproval and maintained that America had to get back to “an attitude where people know enough is enough” and a “sense of responsibility”. It was left to Mr Leno to say he thought it a “little scary” that the government could impose a tax on someone it doesn’t like. […] Recessions produce economic insecurity and are ripe for populist politics. The danger is that Mr Obama risks being seen to be pandering to populism.”