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.