News, analysis and personal reflections on the markets & the financial sector

Monday, March 8, 2010

Many lawmakers oppose tax on bankers' bonuses

Max Baucus, chairman of the Senate Finance Committee, said the Senate likely will not vote on a proposed 50% tax on bonuses of employees of companies that received state aid. Baucus said lawmakers of both parties are opposed to the measure. "Some Republicans don't want it; some Democrats don't want it," said Baucus, D-Mont.

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