The title of the article was "House passes bill to limit executive compesation". It was about the vote that would give the Treasury Department the power to ban future "unreasonable and excessive" compensation at companies receiving federal bailout money. Democrats supported the bill, but the republicans were not in favor. This article stated Bonuses for people with incomes over $250,000 would be taxed at a 90 percent rate, but the measure has failed to clear the Senate.
I agree with that idea, I believe that the wealth in America should be distributed evenly. That way the poor people can benefit from tax cuts instead of just the wealthy. It seemed to me that president Bush just made tax cuts that benefited the wealthy, while the rest of americans did not see those benefits.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment