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Archive Home > 2009 > March > 20 > House approves tax on bonuses

House approves tax on bonuses

Move is seen as an extraordinary use of tax law, raising legal questions

By Carl Hulse and David M. Herszenhorn / The Bulletin
March 20, 2009

WASHINGTON — The House of Representatives overwhelmingly approved on Thursday a tax on bonuses paid this year to employees of the American International Group and other firms that have accepted large amounts of federal bailout funds, rattling Wall Street as lawmakers rushed to respond....

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