The Corner

Democrat Proposes 50 Percent Tax on Corporate Bonuses

Sen. Sherrod Brown (D., Ohio) announced a bill that would tax executive bonuses at companies receiving TARP funds.

Brown’s bill would impose a 50 percent tax on all bonuses – both cash and stock pay-outs – in excess of $25,000 given to executives at firms that received taxpayer-funded assistance through the Emergency Economic Stabilization Act of 2008. The revenues would be used to fund direct loans for small businesses administered by the Small Business Administration (SBA).

Daniel Foster — Daniel Foster is a former news editor of National Review Online.

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