Democrats in the House and Senate are making a new push to tax bonuses at large financial firms that received bailout money.
The new efforts come after reports that Bank of America's investment bank division intends to pay in excess of $4 billion in bonuses and that American International Group (AIG) will pay out $100 million in bonuses. AIG employees agreed to roughly $20 million less in overall bonus payments that scheduled.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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