Obama administration officials are expressing concern over moves by Congress to heavily tax Wall Street bonuses. Last week, the House voted to levy a 90 percent tax on bonuses paid since January 1 by companies that owe the government at least $5 billion in bailout loans. Jared Bernstein, Vice President Joe Biden’s top economic adviser, said the House bill is a “dangerous way to go.”
White House Officials Oppose Tax on Wall Street Bonuses
HeadlineMar 23, 2009