RECENT VOTES

AIG and Bonuses

On Thursday, March 19, the House considered H.R. 1586: Bonus Recoupment Tax Bill. This measure establishes a 90% tax on bonuses paid to workers from companies that have received more than $5 billion in TARP funds from the federal government. The tax would also apply to bonuses paid out by Fannie Mae and Freddie Mac. The outrage over $165 million in bonuses paid to AIG employees was the catalyst for drafting and passing H.R. 1586. Earlier this week, the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises, of which I am a member, had the opportunity to question the CEO of AIG on the decision to distribute the bonuses.

Like many of you, I am angered that some of the people who caused the current problems at AIG received bonuses. As far as I am concerned, they should have left AIG long ago, not been the recipients of fat bonus checks. I voted YES on H.R. 1586, it passed the House and the entire vote is recorded below:

  YEA NAY PRESENT NOT VOTING
DEMOCRAT

243

6

0

4

REPUBLICAN

85

87

0

6

TOTAL

328

93

0

10

MASSACHUSETTS
DELEGATION

9

0

0

1