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US GOV vs. Bailout Recipients: Everyone loses
On Thursday March 19, 2009 the United States House of Representatives approved a 90% tax on bonuses paid to employees of corporations which received bailout money in excess of 5 billion dollars. Pundits agree something had to been done to prevent these massive government funded bonus' from being paid out however a massive tax, a tax which lacks support of the Senate, is not the answer. Orin Kramer, a prominent fundraiser for President Obama pointed [...]
