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House OKs 90% tax on AIG bonuses
Legislation would apply to all banks getting TARP bailout funds
The vote was 328-93, with about half of the Republicans joining almost all Democrats voting in favor.
The bill would apply to bonuses of people making more than $250,000 a year, and would apply only to payments from companies getting more than $5 billion from the federal government through the $700 billion Troubled Asset Relief Program approved in October.
http://www.marketwatch.com/news/ ... IG/story.aspx?guid={05DE385C-4A41-4203-9D14-FEDC671F55EA}&dist=hplatest |
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