Biden's economic adviser warns on AIG tax

There was some question this week about whether Obama would support the House's bill to tax back AIG's bonuses. A White House statement suggested Maybe, and the President's appearance on Leno suggested Probably Not.

I think the administration is almost certainly leaning no, if Jared Bernstein, not exactly a notorious defender of corporate greed, can say this on This Week with George Stephanopoulos:

"I think the president would be concerned that this bill may have some problems in going too far - the House bill may go too far in terms of some - some legal issues, constitutional validity, using the tax code to surgically punish a small group," Bernstein said in a television interview. "That may be a dangerous way to go."

This article available online at:

http://www.theatlantic.com/politics/archive/2009/03/bidens-economic-adviser-warns-on-aig-tax/1714/