House Overwhelmingly Approves Tax on AIG Bonuses

Posted March 19, 2009 at 1:52pm

The House voted Thursday 328-93 to impose a 90 percent tax on employee bonuses at companies that received federal bailout funds.

The move was in response to the $165 million paid to executives last week at bailed out insurer American International Group. While the vote was bipartisan, the GOP was split on the bill, with Minority Leader John Boehner (Ohio) voting against it and Minority Whip Eric Cantor (Va.) voting in favor of it.