|
|
Article: Congress threatens to tax AIG executives' bonuses
- Article from:
- AP Online
- Article date:
- March 17, 2009
- Author:
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
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.
"Recipients of these bonuses will not be able to keep all of their money," declared Senate Majority Leader Harry Reid in an unusually strong threat delivered on the Senate floor.
"If you don't return it on your own, we will do it for you," said Chuck Schumer of New York.
The bonuses were paid under legal contracts, part of a program that had been disclosed in advance filings that American ...