Quote Originally Posted by sasvermont View Post
House bill would slap surtax on AIG bonuses
Tue Mar 17, 2009 11:41am EDT
WASHINGTON (Reuters) - A Democratic U.S. congressman said on Tuesday he has introduced a bill that would slap a 60 percent surtax on large bonuses to be paid to executives at bailed-out insurer American International Group Inc (AIG.N: Quote, Profile, Research, Stock Buzz).

Michigan Democratic Rep. Gary Peters introduced the bill and has picked up five co-sponsors. He said in a statement that the bill would "create a 60 percent surtax on bonuses over $10,000 to any company in which the U.S. government has a 79 percent or greater equity stake in the company. Currently, AIG is the only company that meets this threshold."

(Reporting by Kevin Drawbaugh; Editing by Leslie Adler)
This sounds like a great idea. Now, they should just get this moving on
to law. I don't know anyone who isn't PO'd about AIG's demanding endless
outputs of cash.