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March 23, 2009

White House Officials Oppose Tax on Wall Street Bonuses
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Obama administration officials are expressing concern over moves by
Congress to heavily tax Wall Street bonuses. Last week, the House voted
to levy a 90 percent tax on bonuses paid since January 1 by companies
that owe the government at least $5 billion in bailout loans. Jared
Bernstein, Vice President Joe Biden’s top economic adviser, said the
House bill is a “dangerous way to go."



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