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March 20, 2009

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 $5 billion 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.