House Passes Bill Taxing AIG Bonuses at 90 Percent
The House just passed a bill that would put a 90 percent tax on bonuses awarded by companies that get at least $5 billion in federal bailout money by a vote of 328-93.
The legislation is targeted at AIG, which awarded $165 million in bonuses, drawing widespread outrage from lawmakers and the public, given that AIG has gotten or been promised more than $170 billion in federal money.
If passed, the law would apply to AIG and about a dozen other companies.
Here's the party breakdown:
-- Yeas: 243 Democrats, 85 Republicans.
-- Nays: 6 Democrats, 87 Republicans.
-- House Minority Leader John Boehner (R-Ohio): Nay.
-- House Minority Whip Eric Cantor (R-Va.): Yea.
March 19, 2009; 2:21 PM ET
Categories: The Ticker | Tags: AIG, bonuses
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