Pharma Investments, Ventures & Law Weekly
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Council for Citizens Against Government Waste CCAGW
CCAGW to Congress: Enough of the Faux Fury!
April 5th, 2009
The Council for Citizens Against Government Waste (CCAGW) today urged members of the Congress to oppose a bill to tax the bonuses of AIG employees. The bill (H.R. 1586), which is being considered shortly in the House, aims to tax the bonuses of employees at companies that received money through the Troubled Asset Relief Plan (TARP) at 90 percent. It is narrowly crafted to claw back a portion of the $160 million in retention bonuses that AIG paid to its employees. News of the bonus schemes has cause widespread outrage among taxpayers. “It is completely understandable for taxpayers to be enraged over the distribution of bonuses to employees at financial institutions that...
Source: Pharma Investments, Ventures & Law Weekly (2009-04-05)
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