House votes to recoup bonuses

Bailout Bonuses will be Taxed 90%

House votes to recoup bonuses from bailed-out firms | Reuters.

“The whole idea that they should be rewarded millions of dollars is repugnant to everything that decent people believe in,” said Representative Charlie Rangel, the Democratic chairman of the tax-writing Ways and Means Committee.

Finally there is a little justice in the world and it is called a 90% tax on bailout bonuses; but it still doesn’t excuse the Government for giving billions of dollars in bailout money to companies like AIG without keeping some control over how that money is spent. Everyone is suffering and cutting back to economize, but these companies actually seem surprised that the tax payers are refusing to pay for their luxuries, like bonuses………..What the hell is wrong with these people!

http://www.reuters.com

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