House passes bill taxing Wall Street bonuses

[Tom]

WASHINGTON (CNN) — The House of Representatives passed legislation Thursday to try to recoup bonuses paid to Wall Street executives with taxpayer money.

The measure passed, 328-93; most Democrats supported the measure while Republicans were sharply divided.

A two-thirds majority among all members voting was required for passage.

The measure would tax individuals on any bonuses received in 2009 from companies getting $5 billion or more in money from the Troubled Asset Relief Program, or TARP. Bonuses for people with incomes over $250,000 would be taxed at a 90 percent rate.

The measure now moves to the Senate for further consideration.

[Full Story] (http://cnnwire.blogs.cnn.com/2009/03/19/house-passes-bill-taxing-wall-street-bonuses/)

Finally, most House Democrats AND Republicans can finally agree on something. :rolleyes:

[DxDomination]

How exciting!! Or...not... But at least they can agree. I think it sounds good.
Edit/Offtopic: ToM, would my avatar be considered "bad" because of his shirt? Asking randomly.

[Pen Rua]

The fact that the Democrats and the Republicans both agreed on this, is so big, it needs its own thread.

*

Though I'm not American, I totally agree that there should be a tax on boneses. A] It will provide cash for OTHER things rather than the stimulus plan and B] The bankers - I could've typed "W", tee-hee - screwed up the system. Pluging us into this turmoil. Recless lending is unexcpetable.

RBS Ex-Cheif [Sir] Fred Goodwin, has taken a, wait for it; over £700,000 pension per YEAR. Not so "Goodwin" anymore, eh?

[256log]

There shouldn't have been any bonuses in the first place. I'm all for low taxes and what not, but this is obviously needed. Certain members of Congress should have taken the blame and given those bonuses back to us with their own money. :rolleyes:

C'MON WASHINGTON, WHEN THE HELL ARE YOU GUNNA HELP US?