- The Washington Times - Wednesday, March 18, 2009

WASHINGTON (AP) - Rep. Charles Rangel says the House plans to take up a bill Thursday that would impose a 90 percent tax on bonuses paid to top-earning employees at AIG and other companies big government bailouts.

The New York Democrat, who chairs the tax-writing House Ways and Means Committee, said Wednesday the tax would hit employees making more than $250,000 a year.

He said the $5 billion threshold for companies to be covered would exclude community banks and other smaller companies that have received bailout money.

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