Webb wants one-time tax on executive bonuses

2012 can't come soon enough for me...

from Hampton Roads
U.S. Sen. Jim Webb, D-Va., wants his proposal to levy a 50 percent tax on the bonuses of some corporate executives added to a jobs bill now making its way through Congress.
The proposal by Webb and U.S. Sen. Barbara Boxer, D-Calif., would collect the tax on bonuses larger than $400,000 that were paid in 2009 by companies that received at least $5 billion from the $700 billion federal bailout - known as the Troubled Asset Relief Program, or TARP.

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