Congress Passes Bill That May Not Be Constitutional: Is This Really the Best Way to Deal With Golden Parachutes?

The House of Representatives passed a bill that severely taxes those companies that accept federal bailouts on one hand but pay out golden parachutes (bonuses) to their past and present executives on the other. The bill is designed to address public anger over AIG and other companies paying out millions of dollars to the people that got us into this mess in the first place.

While I think that the companies have earned the public black eye that they've gotten over the last few weeks, the measure passed in the House may not pass Constitutional muster. Hasn't the Constitution been shredded enough over the last eight years? Has anyone even heard of "due process" in Congress? And targeted severe taxes on specific companies and not any others, which is prohibited in the Constitution as a "bill of attainder?"

The Democratic Congress and the Administration are messing things up good. They're acting quite hastily, and the kind of legislation born in haste usually ends up being really bad legislation.

I disagree with any measure taken by Congress that violates the Constitution.