I think that as a general proposition, you don't wanna be passing laws that are just targeting a handful of individuals. You wanna pass laws that have some broad applicability. And as a general proposition, I think you certainly don't wanna use the tax code to punish people. I think that you've got an pretty egregious situation here that people are understandably upset about. And so let's see if there are ways of doing this that are both legal, that are constitutional, that upholds our basic principles of fairness, but don't hamper us from getting the banking system back on track.
Sunday, March 22, 2009
Calming Down The House
Saying that he doesn't want to govern out of anger, President Obama tells "60 Minutes" that he opposes the House bill to confiscate bonuses paid to AIG executives: