Who the hell is going to produce the jobs in this country after the businesses downsize, close or move overseas because they can’t make a profit here?
Dem Congressman introduces 50% tax on bonuses
By Eric Zimmermann - 01/12/10 12:58 PM ET
Rep. Peter Welch (D-Vt.) will introduce legislation that would impose a 50% tax on excessive bonuses at firms that received bailout funds.
The "Wall Street Bonus Tax Act" would apply only to bonuses over $50,000, and would use the tax revenue to support loans to small businesses.
Welch unveiled the proposal at a press conference in Burlington this morning. More>>
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