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12/03/2020

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Kucinich seeks 60 percent excise tax on TARP executive bonuses

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Kucinich seeks 60 percent excise tax on TARP executive bonuses

December 10, 2009,
Cleveland Democratic Rep. Dennis Kucinich wants to impose a 60 percent excise tax on the fat bonuses that were paid to executives of companies that took money from last year’s bank bailout.

On Wednesday, he proposed an amendment to a pending financial industry reform bill that would do that and impose an additional 70 percent tax on TARP recipients’ corporate profits.

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