Obama Questions Constitutionality Of House Bonus Recovery Bill
WASHINGTON — Congress may be moving to recoup the AIG bonuses, but the effort could run into trouble at the White House.
President Barack Obama does not specifically mention veto, but it’s clear he doesn’t think the House effort to tax bonuses already paid out to AIG employees is constitutional.
Obama tells the CBS “60 Minutes” broadcast he’s hoping the Senate version will produce a compromise he can sign.
The president says it’s a balancing act, trying to assuage taxpayer anger at Wall Street with the need for support from the financial sector for his attempts to stop the country from plunging into fiscal turmoil.
Yesterday, vice presidential economic adviser Jared Bernstein told ABC’s “This Week” the effort to slap a punitive tax on AIG bonuses “may be a dangerous way to go.”
