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Obama issued a statement supporting the tax on the AIG bonuses, saying it would send "a strong signal to the executives who run these firms that such compensation will not be tolerated." |
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If enacted, the tax could easily come under legal challenge. "This violates some fairly old-fashioned provisions of the Constitution called bills of attainder and ex post facto laws and things like that," said Terry Connelly, business school dean at Golden Gate University. |
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