Congress is considering a 90% tax on excessive bonuses paid to employees of companies that receive taxpayer bailouts. Would such a tax constitute a Constitutionally prohibited “Bill of Attainder”?
The House narrowly approved a 90 percent tax on bonuses for AIG and other financial firms that received bailout funds last fall, despite a fevered protest from conservatives who tried to fight the tax increase, it affects every one who received bailouts and gave bonuses. I have read several legal sites on Constitutional Law, non say anything on the “Bill of Attainer” there is absolute silence about it. We must wait till tonight and see what Constitutional Lawyers have to say on this subject. Please read this link, it is quite interesting.
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