It’s not legislation out of a Clint Eastwood western. It’s a congressional bill with the somewhat sketchy cognomen of the “________ Act of ________.”
This non-name may also front the law as eventually foisted. The Senate is in recess until September, so there might not be a chance to correct the title in both houses. To be signed into law, a bill must pass both chambers in identical form.
WashingtonWatch.com reports that HR1586 would “impose an additional tax on bonuses received from certain TARP recipients” — referring to the controversial Troubled Asset Relief Program, the $700 billion bailout program of October 2008. But the nameless bill has morphed somewhat. As Jim Harper of the Cato Institute observes, it was “introduced as one thing (TARP taxes), became another thing (an aviation bill), and is now a batch of spending policies.”
Maybe it should be called the Still More of Your Money Down the Drain Act.
Merits of this $26 billion bill aside, there’s the hardly incidental question of why. The title of the Bill with No Name is the exception that symbolizes the rule, i.e. that bill-passage is typically a rush job even when bills are thousands of pages long.
We know that many politicians want to run every aspect of our lives. Apparently it scarcely matters to them how they go about it, just slap together greater restrictions on our liberty combined with grand authorizations to spend additional billions and call it a law.
This is Common Sense. I’m Paul Jacob.