THE BLOG

TAX EM!: AIG Bonus Solution

05/25/2011 01:10 pm ET
  • Steve Young Talk show host, author, oped-columnist, television writer, and filmmaker

Can't get back the money from the AIG employees who received bonuses from bailout monies? Their contract makes bonuses binding?

Here's an answer that might expedite the bonus cash return that's better than Senator Chuck Grassley's AIG employee suicide suggestion.

Add a new tax law that affixes a 100% tax on all bonuses received from bailout money and make the tax non-deductible.

Wonder how long it would take before those applicable employees start refusing their bonuses.

Steve Young blogs at the appropriately named "SteveYoungOnPolitics.com"