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Friday, December 11, 2009

Kucinich Introduces Bill to Tax Bonuses

“Cleveland Democratic Rep. Dennis Kucinich wants to impose a 60 percent excise tax on the fat bonuses that were paid to executives of companies that took money from last year’s bank bailout. On Wednesday, he proposed an amendment to a pending financial industry reform bill that would do that and impose an additional 70 percent tax on TARP recipients’ corporate profits.” (Cleveland Plain Dealer, Thursday)

It was just a matter of time.

FEE Timely Classic:
Are CEOs Paid Too Much?” by Robert P. Murphy