- March 10, 2010The Virginian-Pilot
U.S. Sen. Jim Webb's proposal to require a hefty tax on billions of dollars in
bonuses paid to some executives of financial institutions bailed out by the federal government hit a roadblock in the Senate on Tuesday.
Senate leaders set aside the Virginia Democrat's amendment, which would require a one-time, 50 percent tax on bonuses exceeding $400,000 that were paid to employees of 13 companies that received more than $5 billion from the Troubled Asset Relief Program, or TARP.
