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"We Want Our Money Back"

"We Want Our Money Back"

House votes to impose 90 percent taxes on bonuses from firms that took U.S. bailouts.


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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.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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