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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.

-- Frank Ahrens
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By Frank Ahrens  |  March 19, 2009; 2:21 PM ET
Categories:  The Ticker  | Tags: AIG, bonuses  
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