House Will Vote Thursday On Taxing AIG Bonuses

[babylonsister]

http://www.huffingtonpost.com/2009/03/18/house-will-vote-thursday_n_176504.html

House Will Vote Thursday On Taxing AIG Bonuses

March 18, 2009 04:07 PM EST | AP


WASHINGTON — Rep. Charles Rangel says the House plans to take up a bill Thursday that would impose a 90 percent tax on bonuses paid to top-earning employees at AIG and other companies receiving big government bailouts.

The New York Democrat, who chairs the tax-writing House Ways and Means Committee, said Wednesday the tax would hit employees making more than $250,000 a year.

He said the $5 billion threshold for companies to be covered would exclude community banks and other smaller companies that have received bailout money.

[LakeSamish706]

1. I say Kudo's to that.... More than one way to skin a cat... n/t

[bluestateguy]

2. Has Obama indicated that he will sign this bill?

I do hope so.

[babylonsister]

4. I'm hoping so, too. nt

[sam sarrha]

3. tax all corporate Bonuses 100%, that is why they lay off millions, they get to declare the wages and

benefits for the rest of the fiscal year as company profit. which justifies their bonus. this is killing out country.

my wife just got layed off with 100's of others and then the CEO of Sara Lee got a bonus.. on the backs of honest hard working citizens.