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Tuesday, March 24, 2009

Politically Speaking: King decries plan to tax AIG bonuses

Excerpted from this post at Politically Speaking

Call it the dueling Steve King/AIG news views. Late last week, the U.S. House voted 328-95 to place a 90 percent tax on the sizable bonuses some executives of the American International Group received. There's been a firestorm over the fact that floundering AIG received billions in federal government funding and loans, then executives got big bonuses. But Iowa 5th District Congressman King, a Republican, voted against the instituting the 90 percent tax. That caused both the Democratic Congressional Campaign Committee and the Iowa Democratic Party to jump up and down in outrage. Well, we can't be sure they leapt, but the Dem groups issued tsk-tsk-tsking press releases.

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Mike Schramm
Andy Szal

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