Measure Would Require Bailed-Out CEOs to Pay Taxpayers Back for Big Bonuses

Sounds reasonable to me-Lou

Measure Would Require Bailed-Out CEOs to Pay Taxpayers Back for Big Bonuses

The amendment to the stimulus bill would require the companies to repay within four months any portion of the bonus above $100,000 or face an excise tax

WASHINGTON -- Financial institutions that received federal bailout money and paid large executive bonuses would be required to compensate taxpayers under the economic stimulus bill approved by the Senate.

The $838 billion measure includes an amendment penalizing companies that paid bonuses greater than $100,000 to executives after receiving government rescue funds last year. The amendment would require the companies to repay within four months any portion of the bonus above $100,000 or face an excise tax of 35 percent on the portion of the bonus above $100,000.

Read Article Here:
http://www.foxnews.com/politics/2009/02/10/measure-require-bailed-ceos-pay-taxpayers-big-bonuses/