Congress mulls taxes on AIG bonuses

Republicans said President Barack Obama's administration should have done more to stop the bonuses.

By
March 18, 2009 10:03

 
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Congressional Democrats vowed Tuesday to all but strip AIG executives of their $165 million in bonuses as expressions of outrage swelled in Congress over eye-catching extra income for employees of a firm that has received billions in taxpayer bailout funds. House and Senate Democrats were crafting separate bills to tax up to 100 percent of generous bonuses awarded by companies rescued by taxpayer money. Republicans said President Barack Obama's administration should have done more to stop the bonuses.

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