AIG executives who received a combined $165 million in bonuses may be forced to give 90% of that money back to taxpayers. Thursday, The U.S. House of Representatives voted to slap a hefty tax on those AIG execs. Congressman Phil Roe (R), who represents Tennessee's First District, supported the measure.
Roe was in Johnson City Friday for a small business round-table at the Chamber of Commerce. Roe says the outrage over the AIG bonuses could not be ignored. Plus, he says rewarding leaders of a company that needed a bailout is just unfair.
"The taxpayers are fair, but when you see a company that's got $180 million almost bankrupted and then you pay those same people that put you in that same position $165 million, at least here in East Tennessee, we still think $165 million is a lot of money," Roe said.
In other news, Roe hopes there's a way to cut President Obama's $3.9 trillion budget. He says under that budget, the government would spend the largest percentage of money since World War II.
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