House Passes Bill to Punish A.I.G. Bonus Recipients
Spurred on by a tidal wave of public anger over bonuses paid to executives of the foundering American International Group, the House voted 328 to 93 on Thursday to get back most of the money by levying a 90 percent tax on it.
The measure easily surpassed a procedural hurdle requiring a two-thirds majority vote, thanks to considerable Republican support. The Senate will consider a roughly similar measure, perhaps next week. If something is approved ...
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The AIG Tax vote is interesting gesture, the likelihood of it being implemented is I suspect nil. This was all an absurd grandstanding maneuver by many politicians who had a hand in the mess as much as AIG. Calls for Geithner's removal is likely in the wind as well....