Max Baucus and Chuck Grassley have released the first draft of their proposal to discourage “excessive compensation” at companies that have taken taxpayer money. Companies will face an excise tax of 35 percent on retention bonuses and bonuses over $50,000. Individuals will face the same. Deferred compensation is capped at $1 million and heavily taxed […]
Chuck Grassley
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WHY CAN’T CHARLES GRASSLEY BE A RNC DELEGATE?
The increasingly Christian right-dominated Iowa Republican Party has banned Sen. Charles Grassley from being a voting delegate at the Republican National Convention. The speculation — first fueled by the Washington Times — is that they’re freezing him out because of his investigation of televangelists. Grassley later denied that his own party retaliated against him, and […]
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DEMOCRATS BACK GRASSLEY PROBE.
In a new round of letters urging Kenneth Copeland, Paula White, Eddie Long, and Creflo Dollar to cooperate in Sen. Charles Grassley’s (R-Iowa) probe into possible abuses of tax-exempt status by televangelists, Senate Finance Committee Chair Max Baucus (D-Mont.), for the first time, joins Grassley in putting pressure on the televangelists to voluntarily cooperate with […]
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Baucus And Grassley Try To Screw Up The Country
Sebastian Mallaby’s got a terrific column today blasting the the senseless, fiscally irresponsible team of Max Baucus and Chuck Grassley, who’ve decided to declare war on the Alternative Minimum Tax while eschewing any talk of replacing its $750 billion in revenues with anything new. Baucus appears to think increased tax enforcement will make up the […]