The House is scheduled to vote today on a bill that would levy a 90 percent tax on bonuses paid to employees with family incomes above $250,000 at companies that have received at least $5 billion in government bailout money.
"We figured that the local and state governments would take care of the other 10 percent," said Rep. Charles Rangel of New York, chairman of the tax-writing House Ways and Means Committee.
ABC News: House Sets up Vote Today on Taxing AIG Bonuses
Thursday, March 19, 2009
ABC News: House Sets up Vote Today on Taxing AIG Bonuses
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The thing is, I believe Maurice Greenberg the former head of AIG, who left in 2005 amid allegations that he used off-balance sheet transactions to improperly boost profits
who bears significant responsibility for what ultimately happened. He created AIG FP and its dangerous system of executive compensation which fostered a culture of unbridled greed.
I would love to see Cuomo go after Greenberg and the Starr Companies, because I'm certain Greenberg's fleecing continues, He's is very smart, motivated by bitterness and operating, it seems, with very little oversight from anyone.
Currently he's doing the talk show circuit and seems to be convincing a naieve public that he's the good guy.
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