U.S. House OKs bill for new tax on AIG bonuses
That is, if it actually makes it to law.....WASHINGTON — The U.S. House approved a bill Thursday that would impose a new tax on the $165 million paid to bailed-out insurance giant AIG as Senate Republicans stepped up criticism of the Obama administration's handling of bonuses.The House measure would apply a 90% tax on bonuses given to employees who earn more than $250,000 at any firm that received more than $5 billion in bailout money.
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