Government to Recoup 90% of Bailout Money

With all the ruckus about the absurd bonuses that employees and executives of recieved, a bill was passed to raise the tax rate of executives that have been paid with bailout money to…90%, ouch! Read more about it here.

In the face of public outrage at the fact that AIG paid $165 million in bonuses after receiving $180 billion in government aid, the House voted 328-93 to approve a 90 percent tax on bonuses for certain executives at companies that are getting taxpayer-financed help.

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