Thursday, March 26, 2009

AIG Bonus's

H.R. 1586- A direct response to the A.I.G. bonus scandal, this bill would levy a 90 percent tax on any bonuses from bailed-out firms (TARP recipients) paid out in 2009 to individuals with incomes over $250,000. The Senate will be taking up a similar bill (S. 651) soon that proposes a bailout bonus tax of 70 percent.

Rep. Dave Reichert voted "YES"

Shame on him!!! They knew about the bonuses a year ago, when they gave the banks the bailout money. In the instance of AIG, it was a part of his contract to get a bonus. If they wanted rules on the bailout money they should have placed them on the money when it was given out- not now!! And do we really want the IRS targeting specific individuals to clean up their mistake!!! The AIG executive took over AFTER the economy took a down turn- he's not responsible for their mistakes!!! I don't them getting all that bonus money either- but I was also apposed to the bailouts! Two wrongs don't make a right!!!!

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