The Campaign Spot

Simmons on the 90 Percent Tax Bonus Vote: ‘A Run-for-Cover, Cover-Your-Tail Kind of Vote.’

Former congressman Rob Simmons, who is running against Sen. Chris Dodd (D., Conn.) next year, told me Friday he would have voted against the legislation enacting a 90 percent federal tax rate on bonuses at companies that take TARP funds, which passed the House a few weeks ago.

“It was a purely symbolic gesture . . . It didn’t go anywhere, it violates the Constitution, and so it was symbolic.  At a time when we have serious economic problems, I think that that kind of symbolic vote, that sort of run-for-cover, cover-your-tail kind of vote — we don’t have time for that. Congress needs to get serious. Free enterprise is at risk. The global economy is collapsing. And all I see is massive transfers of money from the private sector to the public sector, to be distributed among the public sector, basically. This is no way to recover our economy.”

The whole interview is available in podcast form here.

Most Popular

White House

For Democrats, the Party’s Over

If the Democrats are really tempted by impeachment, bring it on. Since the day after the 2016 election they have been threatening this, placing their chips on the Russian-collusion fantasy and then on the phantasmagoric charade of obstruction of justice. The attorney general accurately gave the ingredients of the ... Read More