Another banker bonus tax proposed in U.S. Senate


Another banker bonus tax proposed in U.S. Senate

Reuters – WASHINGTON, Feb 11 (Reuters) – Another U.S. lawmaker announced a plan on Thursday to tax bonuses at firms getting government bailout money, adding to a handful of proposals aimed at soothing public anger over lavish executive pay.

Senator Sherrod Brown, a liberal Democrat who sits on the banking committee, said he is working on legislation that would impose a 50 percent tax on cash and stock bonuses of more than $25,000 awarded at firms getting bailout funds.

A similar proposal exists in the U.S. House, but it is unclear how much backing either has from congressional leaders or from members of the tax-writing committees, where such legislation would presumably originate.

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