04/06/2010 05:12 am ET Updated May 25, 2011

Democrats Launch New Push To Tax Bonuses

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.

Read more on The Hill