Seeking Return of AIG Payouts, House OKs Tax on Bonuses

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The House has overwhelmingly approved a measure to recoup taxpayer money by imposing a 90 percent tax on bonuses paid to employees at the insurance giant AIG. The tax would also apply to any company receiving more than five billion dollars in bailout funds. A Senate version would impose a lower rate than the House’s 90 percent. The vote came hours after AIG complied with a New York state subpoena and disclosed the names of employees who received bonuses.

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