CNN News: Reports that the idea to tax the bonuses of AIG has been pushed in to the long grass. The reason Obama Administration is stalling is simple, they need private business to take up the bad debt of the banks, private business is not a charity, they will want to make money. If your a private company are you going to bailout the Administration if your profits are going to be taxed. Thus the popular anger against bonuses has meet business reality. I would be very surprised if the tax bill ever gets passed the Senate and if Obama would even sign it, he needs private business he cant seduce them and then make them pay for the room.
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