[Congressional Record (Bound Edition), Volume 155 (2009), Part 6]
[House]
[Page 7750]
[From the U.S. Government Publishing Office, www.gpo.gov]




                     NOT SO FAST ON THE AIG BONUSES

  (Mr. BLUMENAUER asked and was given permission to address the House 
for 1 minute.)
  Mr. BLUMENAUER. Mr. Speaker, not quite so fast on the AIG bonuses. 
The weasels who drove that company into the ground may not even be 
entitled to the bonuses in their contract based on their performance. 
And a failed company rescued from bankruptcy by the United States 
Government may not be obligated to pay them anyway.
  Thankfully, there is also the power of the tax code. Let's return to 
the Eisenhower tax rates of 90 percent for people who receive bonuses 
from companies that we already own 50 percent or more of with taxpayer 
money.
  For years the tax code around here has been tortured to reward people 
who need tax cuts absolutely the least. Hopefully we can use it this 
time to impose a little tax justice.

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