Comments on: Baird, Stop Misleading Your Constituents http://www.democracyforvancouver.org/2008/10/03/baird-stop-misleading-constituents/ Federal, Washington State and Clark County Politics Wed, 07 Jan 2009 23:18:24 +0000 http://wordpress.org/?v=2.7 hourly 1 By: John http://www.democracyforvancouver.org/2008/10/03/baird-stop-misleading-constituents/comment-page-1/#comment-46360 John Wed, 08 Oct 2008 14:10:42 +0000 http://www.democracyforvancouver.org/?p=3011#comment-46360 An executive compensation deductibility limit of $1 million has been in effect since the early 1990s. How has that worked to curtail CEO compensation? And lowering the limit to $500,000 (as the bailout bill did) or $5 will have no effect whatsoever on compensation payments just as the original IRS provision had no effect. It is all a big scam on the taxpayers of the USA. And the people in Congress know it. Something had to be done but what they did was not that something. An executive compensation deductibility limit of $1 million has been in effect since the early 1990s.

How has that worked to curtail CEO compensation?

And lowering the limit to $500,000 (as the bailout bill did) or $5 will have no effect whatsoever on compensation payments just as the original IRS provision had no effect.

It is all a big scam on the taxpayers of the USA. And the people in Congress know it.

Something had to be done but what they did was not that something.

]]> By: Karl http://www.democracyforvancouver.org/2008/10/03/baird-stop-misleading-constituents/comment-page-1/#comment-46352 Karl Wed, 08 Oct 2008 06:15:37 +0000 http://www.democracyforvancouver.org/?p=3011#comment-46352 I was so impressed by DeFazio on his No Bail Out plan, I faxed copies to Baird, Murray & Cantwell. As well as his 12 reason not to vote for the bailout, and the specific 5 reasons the executive comp limits were BS. DeFazio still has the papers on his site, great stuff. I also sent B, M & C a link and a transcript of the Private Treasury Teleconference where Paulson was explaining to the Bankers how none of the controls congress was trying to add woould have any teeth. it is on youtube, they sure don't sound too concerned about anything except how to take advantage of the plan.... I was so impressed by DeFazio on his No Bail Out plan, I faxed copies to Baird, Murray & Cantwell. As well as his 12 reason not to vote for the bailout, and the specific 5 reasons the executive comp limits were BS. DeFazio still has the papers on his site, great stuff. I also sent B, M & C a link and a transcript of the Private Treasury Teleconference where Paulson was explaining to the Bankers how none of the controls congress was trying to add woould have any teeth. it is on youtube, they sure don’t sound too concerned about anything except how to take advantage of the plan….

]]> By: John http://www.democracyforvancouver.org/2008/10/03/baird-stop-misleading-constituents/comment-page-1/#comment-46312 John Sun, 05 Oct 2008 16:34:22 +0000 http://www.democracyforvancouver.org/?p=3011#comment-46312 Here is a <a href="http://www.washingtonpost.com/wp-dyn/content/article/2008/10/03/AR2008100303235.html" target="blank" rel="nofollow">Washington Post article</a> again <em>completely refuting</em> Baird's bullshit that the bailout bill will <strong>"place strict limits on executive salaries"</strong>. Bunk Here is a Washington Post article again completely refuting Baird’s bullshit that the bailout bill will “place strict limits on executive salaries”. Bunk

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