[Congressional Record (Bound Edition), Volume 155 (2009), Part 6]
[House]
[Pages 8096-8097]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           OUTRAGE TOWARD AIG

  (Mr. PITTS asked and was given permission to address the House for 1 
minute.)
  Mr. PITTS. Mr. Speaker, House Republicans share the outrage of the 
American people that AIG would use taxpayer dollars to award executive 
bonuses during this economic crisis.
  But we believe the American people deserve 100 percent of their money

[[Page 8097]]

back, not 90 percent. The American people deserve to know that this 
whole outrage could have been avoided.
  Senator Wyden authored an amendment banning executive bonuses, and 
that amendment was stripped from the stimulus bill. Senator Dodd took 
responsibility, but he told CNN that ``the administration had a problem 
with the amendment.''
  The bill on the floor today to enact a 90 percent tax on AIG 
employees is just a cynical attempt to divert attention from the truth 
that Democrats in Congress and this administration made these bonus 
payments possible in the first place.
  House Republicans have legislation that would ensure 100 percent of 
these bonuses are returned to taxpayers, but they blocked the plan from 
receiving a vote today. The American people have a right to get 100 
percent of their money back, and Mr. Geithner should resign.

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