Congress Stepping Back from 90% AIG Bonus Tax

Since I called out George Stephanopoulos when he wrongly predicted Tom Daschle would survive, let me note his latest prediction, on ABC News Friday and repeated today, that Congress will in the end kill its effort to punish AIG (and other) bonus payment recipients by taxing them at 90% punitive rates. Stephanopoulos is going against the conventional wisdom that says an enraged Congress will push the punishment bill through. I think Stephanopoulos is right; the bill won’t pass the Senate.