All three of West Virginia's U.S. House members voted "to impose an additional tax on bonuses received from certain TARP recipients."
U.S. Reps. Alan Mollohan, D-1st; Shelley Moore Capito, R-2nd; and Nick Rahall, D-3rd, helped the legislation pass 328-93.
"The bill would impose a 90 percent tax on bonuses given to employees with family incomes above $250,000 at American International Group and other companies that have received at least $5 billion in government bailout money," The Associated Press explains.
House GOP members split on the measure. "But the lopsided vote failed to reflect the contentious political battle that preceded it," AP reports. "Republicans took Democrats to task for rushing to tax AIG bonuses worth an estimated $165 million after the majority party stripped from last month's economic stimulus bill a provision that could have banned such payouts."
20 March 2009
They Voted For You: TARP Bonuses
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2 comments:
What a shame that any republican feels obligated to vote for an unconstitutional tax to punish those who waited a year for bonuses they were due long before any bailout was being discussed.
What a shame that any senator or representative voted for the bailouts after Dodd stripped the bills of the provision preventing such bonus payments.
Why should a person who was responsible for the downfall of a company reap a bonus? Non compos mentis!
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