Roe Supports Tax On AIG Executive Bonuses

Roe Supports Tax On AIG Executive Bonuses

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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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Flag Comment Posted by Radio Bill on March 21, 2009 at 8:25 am

For someone that was against pork spending to turn around and vote for a bill to punish a select group of people is awful. He knew darn well that Sen. Dodd had lied about the bonus. The D’s passed a bill that permitted these bonus to be paid along with a ton of pork. And then act outraged after they get caught. And further try to correct their mistake with a taxation that surely will not hold up in court. And further knows that some of those people are now receiving death threats which may have had fuel added to the fire by the phony outrage of members of Congress. Rember Phil Taxation without Representation is part of your duties. Not to side with those that are trying to rectify their own mistake.

Flag Comment Posted by dhendy98 on March 21, 2009 at 8:05 am

Roe, screwed up. The bill approved by congress allowed the money to be paid. Since when does congress decide who gets what money and how much they decide to tax to an individual or group, whenever they don’t like the agreement. Do the communist do this? I think so. Phil buddy, you lost my vote going forward. Get the Government out of our lives.

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