Here's what we will get if the Democratics manage to regulate CEOs' "obscene" compensation

Notably, a tax increase on the middle class, all in the guise of their "tax the rich" class warfare mantra.

Excerpts:

"Ironically, the targets of the law are probably those least likely to be affected by it. Top executives have the standing to negotiate gross-ups to cover their tax liability or to seek other forms of compensation, such as stock options or restricted stock grants, not covered by the cap."

"Likewise this time, a much larger pool of people than CEOs could be hit by the new deferred comp cap. People who make a lot less than $1 million have occasion to defer some of their salary, and at many companies even middle managers can do so. If this bill becomes law, those non-millionaires potentially face a 55% tax rate on the income they might otherwise have tried to defer. The tax code is riddled with provisions, such as the Alternative Minimum Tax, the estate tax and any number of phaseouts and caps, that were sold politically as targeting only the "super-rich" but now capture taxpayers of far more modest means."

"Jim Webb and his "new populist" mates can flog CEOs all they want in their speeches. But the people who will end up paying will be shareholders and the ordinary Americans who don't have the luxury of avoiding yet another millionaire's trap when it gets sprung on them."

A textbook example of the Law of Unintended Consequences at work, courtesy of our new and wonderful Democrat Congress.