Beyond mad at AIG…time for action.

clairecmc:

There will be a letter sent to the CEO of AIG from most, if not all, of the Democratic Senators momentarily.  This letter will demand that any bonuses be withheld or repaid immediately.  The letter goes on to explain that we will proceed to recover the bonuses through taxation if AIG fails to recover this money for taxpayers. We state the obvious in the letter, bonuses should not be given for failure.

Legislation wil be introduced in the next 48 hours or so that will tax these companies and the bonus recipients. The tax will be aimed at executives at companies that have recieved significant taxpayer assistance through the TARP funds and will recover almost all of these funds for taxpayers.  The Finance Committee is drafting the legislation with the assistance of a number of Senators.

I feel better. We are taking action. It’s time we right this wrong on behalf of hard working Americans everywhere.

I will post the letter and the legislation on my senate web site as soon as they are available.  www.mccaskill.senate.gov

Thank you for all of your comments and suggestions about this mess. Your input matters.

Nice idea, but, uh…isn’t it kind of unconstitutional?
  1. alexch reblogged this from clairecmc
  2. zenish001 reblogged this from clairecmc and added:
    Claire McCaskill
  3. champagnecandy reblogged this from clairecmc
  4. frothyparadise reblogged this from clairecmc and added:
    Nice idea, but, uh…isn’t it kind...unconstitutional?
  5. lindseykirkbride reblogged this from enteekaygee and added:
    This is fabulous.
  6. johncody reblogged this from absurdlakefront and added:
    Hey check out this post
  7. absurdlakefront reblogged this from enteekaygee and added:
    Welcome to Tumblr Senator. I am just pleased there is some action being taken. Use the anger in the populace to get...
  8. enteekaygee reblogged this from clairecmc and added:
    my favorite Senator now has a tumblr. I wouldn’t...recipients personally
  9. elizs reblogged this from clairecmc and added:
    From clairecmc (Sen. Claire McCaskill):
  10. clairecmc posted this