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Friday, March 20, 2009

Bleeding Heartland: How Iowans voted on the bonus tax for bailout recipients

Excerpted from this post at Bleeding Heartland

The U.S. House of Representatives approved by 328 to 93 a bill that
would put a 90 percent tax on bonuses over $250,000 that any financial
institution receiving bailout money pays to employees. The bill is not
limited to AIG, which sparked public outcry by paying at least 73
employees bonuses of more than $1 million. Here is the roll call. All
three Democrats representing Iowa in the U.S. House (Bruce Braley,
Dave Loebsack, and Leonard Boswell) voted yes on retrieving most of
the taxpayer dollars being squandered on excessive Wall Street
bonuses. Steve King was among the 87 House Republicans who voted no.
It would be interesting to hear his reasoning.

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Mike Schramm
Andy Szal

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