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Showing posts with label Dodd Amendment. Show all posts
Showing posts with label Dodd Amendment. Show all posts

Wednesday, July 29, 2009

Read The Bill Before Voting, Congress!

One good thing about all those AIG bonuses that caused such a major stir earlier this year was that it highlighted the fact the most (if not all) members of Congress don't even read the bills they are voting on.

In the Stimulus package was an amendment (known as the Dodd Amendment) that allowed the AIG bonuses to be specifically exempted from any regulation. When Barack Obama put the presidential signature on that bill, it became the law of the land. Later, when the AIG bonuses became public, many of those who vote "Yea" on this measure became indignant that such bonuses would be paid out by a firm that took bailout money.

So, if those people had simply read the bill, or at least demanded a chance to see what was being inserted into the bill at 4:00 a.m., they would have known what they were voting for and wouldn't have ended up looking like the fools they are. Well, that's my theory anyway.

Now, with socialized health care on the horizon, it is once again looking like the Dem leadership is going to force a vote before the legislation can be thoroughly read and understood by those voting on it.

From the Washington Times:

President Obama is pushing Congress to pass health care legislation that could nationalize as much as 10 percent of the economy. Most members of Congress will vote on this bill with no idea what's in it.

Rep. John Conyers Jr., Michigan Democrat, disparaged lawmakers for even pretending to read the laws they pass. "I love these members, they get up and say, 'Read the bill,' " he said last week at the National Press Club. "What good is reading the bill if it's a thousand pages and you don't have two days and two lawyers to find out what it means after you've read the bill?"


The good, Mr. Conyers, is that Senators and Representatives will know exactly what they are voting for if they happen to be voting "Yea." Knowing what is in legislation will save Congress from being embarrassed (as in the above AIG example) and save the American people for having to admit that their Congress is a remake of the Keystone Kops.

More:

Mr. Conyers might think it's an antiquated notion that congressmen actually read legislation, but it is the most fundamental responsibility of elected representatives to know and understand laws and how they will affect the lives of their constituents.

That is especially the case with such a gargantuan bill. The House version creates 53 new federal bureaucracies with everything from a Health Choices Administration to a Health Insurance Exchange Trust Fund to a Health Benefits Advisory Committee. Thirty-three entitlement programs are created or expanded.

The notion is put to rest that government might cooperate with doctors and patients to work out what is best for providing care. The health care bill uses the assertive word "shall" 1,683 times. These passages are government mandates that force doctors, consumers and others in the health care profession to do what Congress orders. The word "penalty" is used 156 times for those who don't follow orders. "Tax" is referred to 172 times.


This legislation is so sweeping and so draconian that if it fails to produce as advertised (and I am betting it will spectacularly fail to do so), members of Congress who voted "Yea" are going to run and hide behind the tired and lame excuse that they "didn't know what was in the bill."

It happened with the AIG bonuses. It will happen with the socialized medicine bill.

You can access the original editorial on-line here:

Read The Bill, Congressmen
Washington Times
July 29, 2009

Wednesday, March 18, 2009

Tax The AIG Bonuses? Only If You Want To Violate The Constitution.

Article I, Section 9 of the Constitution of the United States of America clearly and unambiguously states: "No Bill of Attainder or Ex Post Facto Law shall be passed."

I'm sure we all remember this from our 4th grade history lessons. That's where I learned that "Ex Post Facto" means "After the Fact."

But, apparently, the Democrats and other members of Congress are not as well versed as I am about what is written in the Constitution.

First, we know that the Democrats in Congress voted to approve of a stimulus package that contained the Dodd Amendment which explicitly exempted the bonuses that AIG would pay out to its employees. Then, President Obama signed that legislation into law. This means that those bonuses were made perfectly legal according to the current Congress and the current President.

Now, they want to pass legislation that retroactively repeals that amendment.

According to the Fox News:

Senate and House lawmakers have returned to the idea of imposing heavy taxes to recover the bonus money.

Ten House Democrats introduced a bill Tuesday to tax all bonuses above $100,000 at 100 percent to recoup all the "outrageous" AIG bonuses.

Senate Majority Leader Harry Reid also vowed to recover a sizeable chunk of the money.

"Remember, we, as a Congress, are not defenseless. We can also do things," the Nevada Democrat said Tuesday, announcing he has tasked Senate Finance Committee Chairman Max Baucus, D-Mont., with crafting a proposal to recover the bonuses.

He said the legislation would be proposed by Wednesday and subject the bonuses to a tax of more than 90 percent. He also said lawmakers would soon work with the administration to complete a Wall Street accountability bill.



This is precisely what the Framers of the Constitution envisioned as an "Ex Post Facto" law.

This legislation must not even be considered. Those who will be considering it or supporting it will be in violation of their oaths to uphold and defend the Constitution of the United States.

So, what would you choose? Irrational emotionalism over something that the Democrat-controlled Congress and the Democrat President approved of, or would you choose to support the explicit admonitions of the U.S. Constitution?

I choose the latter.

You can access the complete article on-line here:

To Recover AIG Bonuses, Lawmakers Scramble To Undo Protections They Approved
FoxNews.com
March 17, 2009