House Passes Bill Taxing AIG And Other Bonuses

By: Associated Press
By: Associated Press

WASHINGTON (AP) -- Acting with lightning speed, the Democratic-led House has approved a bill to slap punishing taxes on big employee bonuses from firms bailed out by taxpayers.

The vote was 328-93.

Said House Speaker Nancy Pelosi: "We want our money back and we want our money back now for the taxpayers."

Republicans called it a legally questionable ploy to paper over Obama administration missteps.

Minority Leader John Boehner, R-Ohio, said the bill was "a political circus" diverting attention from why the administration hadn't done more to block the bonuses before they were paid.

The bonuses, totaling $165 million, were paid to employees of troubled insurer American International Group, including to traders in the unit that nearly brought about the company's collapse.


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