Courts Unlikely to Strike Down AIG Tax Law, Legal Experts Say - Bloomberg.com: "March 20 (Bloomberg) -- Courts probably will uphold Congress’s effort to tax employee bonuses at American International Group Inc. and other companies receiving federal bailout funds, several legal experts said.
The House yesterday voted 328-93 in favor of a 90 percent tax on bonuses, including the $165 million insurer AIG paid last week after receiving $173 billion in bailout funds. The Senate plans to vote next week."
Saturday, March 21, 2009
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