Thursday, March 19, 2009

It's about Damn time.

They did something. For once. It will be forever known as the AIG Tax.

U.S. House OKs bill for new tax on AIG bonuses

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.

That is, if it actually makes it to law.....

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