Results tagged “aigtax”

Today, the House of Representatives passed a bill, 328-93, that would put a 90% tax on bonuses from financial firms receiving bailout funds, such as AIG. One of the bill's cosponsors, Rep. Carolyn Maloney (D-Manhattan), who proposed a 100% tax earlier, said, "I’m proud that the House has taken action to return these bonuses to the federal treasury... It would be morally reprehensible and fiscally irresponsible to allow millions to go to those who cost our country billions. Bonuses should be based on creating value, not destroying it."