Rep. Pomeroy on Returning Bonuses to Taxpayers

As a result of extraordinary abuses of the public trust by companies rewarding employees with excessive compensation while receiving billions in taxpayer assistance, today the House passed legislation (HR 1586) to hold companies, including American International Group (AIG), accountable for the bonuses that were paid to their executives. The bill will impose a new 90 percent tax on bonuses received by executives who worked at companies, such as American International Group (AIG), that received more than $5 billion in taxpayer assistance. After receiving more than $170 billion in taxpayer funds, AIG paid $165 million in retention payments to executives most of whom have mismanaged their company into near bankruptcy. The top recipient received more than $6.4 million and more than 73 of these executives were paid over $1 million in retention bonuses. After receiving their retention bonuses, at least eleven recipients left the company.

Category:

News & Politics

Tags:

• AIG
• bonuses
• oversight
• Democrats
• Congress
• Pomeroy

[karen32862]

FAIL. Liars are fail Thanks for voting for the porkulus bill without even reading it pomeroy.  Then act all outraged, when it was your own cohorts that created this situation to begin with. Top it off with passing a bill that is in total opposition to the constitution. I know, I know who gives a rats arse about the bill of rights where congress people are concerned. Especially crooked democrats. To hell with all of you, and hopefully soon.

[jlkilpat]

$165 million in bonuses. We all stand to get $1.20, one dollar and 20 cents back! at 90%, we will all get $1.08 back. Do these people in washington have anything real to do?

[GodLovesJeffFisher]

Nancy Pelosi,

I'm back and stronger than ever.

Send this youtube to Bill Zimmerman you fucking Bitch.

I am a true American Democrat.

You are a fucking puppet of AIPAC.

Google Al Gore Tom Heneghan Jeff Fisher Nancy Pelosi

Obama is not born in the United States.

Fuck you Bitch

The Muslims and Blacks will know where you live and protest there also.

I am a man of God but I am also about Absolute Justice.

[BismarckMandanBlog]

Earl Pomeroy told the media back here in North Dakota that he'd read the bill "cover to cover." Now he claims ignorance. What a liar.

[frostwolf1]

Hey, the congress was only given two hours to read the bill! It's not his fault he couldn't read through it all before he voted on it... rofl

You gotta love the fake outrage. What better way to cover your ass?

[Meatpieandtatters]

All you congressional prigs should return your pay and vacate the premises! The entire body has FAILED the American public. Gross negligence. Malfeasance. Corruption! And overwrought with arrogance and hubris, the Congress has become a malignant growth on our society. And all you people do is make more rules and corrupt the private sector further. It's sickening.