Government
Mar. 21, 2009
House Passes Bill to Tax Executive Bonuses
Lawmakers moved ahead Thursday with unprecedented legislation responding to the political firestorm over the millions of dollars of executive bonuses paid out by companies that had received taxpayer bailouts.
Daily Journal Staff Writer WASHINGTON - Lawmakers moved ahead Thursday with unprecedented legislation responding to the political firestorm over the millions of dollars of executive bonuses paid out by companies that have received taxpayer bailouts. The House of Representatives passed a bill that would tax the bonuses paid out this year at a 90 percent clip for those that received over $5 billion in bailout money, as well as for ...
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