(H.R 1586) On suspending the usual House rules and passing a bill imposing a 90% tax on bonuses given to executives of AIG after the government had “bailed out” the company.
house Roll Call 143
Mar 19, 2009
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This was a vote on a motion to suspend the House rules and pass H.R. 1586, which imposed a 90% tax on bonuses given to AIG executives that were paid after the government had “bailed out” the company with hundreds of billions of federal dollars. The news about these bonuses had generated a bipartisan protest. Rep. Rangel (D-NY), chairman of the tax-writing House Ways and Means Committee, led the effort in support of the legislation. He explained that “we're not trying to punish anybody . . . Rewards are subjective, but you don't do it with taxpayers' money. . . .” Rangel said the AIG officials do not “deserve to have these bonuses at taxpayer expense.” He noted that the way the bill was being handled, with the House rules being suspended, was “an extraordinary procedure”, but added “this is an extraordinary situation . . . (that) calls for an extraordinary response to it.” |
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