- The Washington Times - Sunday, March 22, 2009

WASHINGTON (AP) - Vice President Joe Biden’s economic adviser says lawmakers’ plan to tax those AIG bonuses could be “dangerous.”

Biden adviser Jared Bernstein says the House-backed plan to heavily tax the $165 million in bonuses could have gone too far. The Senate has not finished work on its version.

American International Group received billions in taxpayer dollars to keep its doors open but still paid employees the bonuses their contracts required. Populist anger led the House to impose a 90 percent tax on bonuses paid this year to companies that needed government bailout money.

Obama says the bonuses are outrageous and has condemned them.



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