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Democrats’ Assault on Capitalism Continues…

March 31, 2009

The Democrats who are wasting no time to destroy America, continue their assault on the American businesses.  Congressman Alan Grayson (D-FL) is sponsoring a bill, HR 1664 (The Grayson-Himes Pay for Performance Act of 2009).

The bill limits executive compensation for executive whose companies received taxpayer bailout funds. 

While executive compensation is a polarizing issue, legislating caps on compensation limits prosperity and the discourages competent individuals from becoming competent corporate leaders.

The million dollar question is if all of the firms that received taxpayer funds repay those funds – will this bill be repealed?

Read the bill here:

UPDATE #1: New information reveals that this bill is not only retroactive, but pertains to ALL employees at firms who received TARP or bailout funds.

And to make matters worse, the sole decider on the “right compensation” covered in this troubling bill is none other than tax cheat and Treasury Secretary Timothy Geithner.

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