The White House might not be onboard with bills sprinting through Congress to tax away AIG’s outrage-inducing bonuses. Top White House financial advisers are reacting coolly to the suggestion, the Washington Post reports. “The president has been clear we don’t want to govern out of anger,” said one economic official.
“The House bill may go too far in terms of some legal issues, constitutional validity, using the tax code to surgically punish a small group," said Joe Biden's top economic adviser. "That may be a dangerous way to go."