Oops, I forgot. Democrats don’t pay taxes, so the tax deduction is irrelevant to them.

Treasury Secretary Timothy Geithner said last month that he might try to extend to all U.S. companies a restriction that prohibits bailout banks from taking a tax deduction of more than $500,000 in pay for each executive.

link to the story referenced in the original post

I would always vote for raising taxes if I didn’t really plan to pay them.

I’ll go along with it if they cap the compensation of movie stars and sports figures, also. After all, movie stars and sports figures aren’t actually involved in producing a product that does anything except cause people to spend their time at leisure. They do very little productive, because everyone watching them is essentially not working by definition.

Their salaries and those of everyone involved in the entertainment business should be strictly limited to no more than $200,000 a year.

I’m not talking necessarily about whether they make a profit or not, because in the end Barney Frank doesn’t care about that, either. Lots of media companies are churning out products and not making a profit on them these days, either — but their executives are still taking home great big salaries.

What if we decided to cap the salaries of every executive in a media company that took sponsorship dollars from a financial entity receiving money through TARP? That would cut Ted Turner’s salary right down to almost nothing.