Thursday, March 19, 2009

House approves bill to tax AIG bonuses at 90%

House approves bill to tax AIG bonuses at 90%

By Rex Nutting

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Responding to the anger about bonuses paid to AIG traders, the House approved a bill Thursday that would impose a punitive 90% tax on bonuses paid by American International Group Inc. and other financial companies that receive federal help. The vote was 328-93. The bill would apply to bonuses of people making more than $250,000 a year, and would apply only to payments from companies getting more than $5 billion from the federal government.

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