Senators propose a one-time tax on executive bonuses

03/5/2010 | Wall Street Journal, The

Sen. Barbara Boxer, D-Calif., and Sen. Jim Webb, D-Va., have introduced an amendment for a one-time 50% levy on bonuses of more than $400,000 given to executives whose companies received taxpayer bailout money of $5 billion or more in 2009. The measure has not been scheduled for a vote.

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