AIG Bonus Tax Passes 328-93
In the end a slight majority of Republicans opposed levying a 90 percent tax on bonuses for companies that take TARP money — another signal of how complicated the populist politics of this issue are for the GOP.
Republicans are pushing two arguments now. One, that the scandal is not over until names are named (hint: one of them is “Chris Dodd”) and accountability is found for the bonuses. Two, that the House should listen to the GOP and empower the Treasury to regulate bonuses for executives who take TARP money.