House Passes 90% Tax on AIG and Other Exec Bonuses
March 19th, 2009
The House passed a bill today that will tax at 90% bonuses given by firms receiving bailout money. As I said in a recent article this is just a political game trying to keep the attention on AIG and off of how badly this whole situation has been managed by Washington.
This is from an article on CNN:
A similar proposal in the Senate would attempt to recoup bonuses by taxing both individuals and companies, but Rangel said House leaders decided against penalizing companies because they could simply ask for more taxpayer money.
Hey Rangel, how about you say no. Stop giving them them the taxpayer money. That was easy.
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