Tuesday, February 16, 2010

Senator Sherrod Brown: Hypocrisy Writ Large Part 2: For Wall Street Bonuses Before He was Against Them

Last year, Senator Brown was called out for his hypocrisy on Wall Street Bonuses; being for the bonuses before he was against them.

A recent press release shows that the Brown is playing 'the populist' and doubling down on the the deceit:
Brown Announces Bill to Tax Wall Street Bonuses to Help Main Street Businesses

Bill Would Tax Bonuses at Companies Receiving TARP Funds from Taxpayers to Help Fund Small Business Lending Program

February 11, 2010

WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH) announced a new bill today that would tax bonuses given to executives at firms that received help from U.S. taxpayers in order to fund loans for small businesses. Brown’s bill would use revenues generated from taxing bonuses at firms who received assistance through the Troubled Asset Relief Program (TARP) to help small businesses expand operations and hire new workers.

“It’s time for Wall Street to return the favor to Main Street,” Brown said. “While big banks have rebounded thanks to the help of American taxpayers, small businesses are still struggling. If a big firm that received taxpayer help is now paying out massive bonuses, they should be able to help American small businesses expand operations and hire new workers. Small business growth will create jobs and get our economy back on track.”


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