Congressman Bruce Braley (D-Waterloo, Iowa) will be a guest on “The Ed Show” on MSNBC in a few minutes to talk about bonuses for AIG executives.
UPDATE: If you watched, you learned Braley is against the bonuses. He backs a plan that would see a new federal tax of 50 percent on bonuses worth more than $50,000 that are paid to employees at firms which received bailout bucks. It would help AIG “learn a lesson,” according to Braley. Braley also backs a proposal that would reinstate a transfer fee on excessive stock trading would raise $150 billion and Braley would use that money to “make Wall Street pay for Main Street’s rehabilitation.”
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