Brown seeks tax on post-bailout bonuses for execs

Bill would devote revenue to help small businesses

Columbus Dispatch

WASHINGTON -- In another sign of the anti-Wall Street mood gripping Capitol Hill, Sen. Sherrod Brown wants to impose a 50 percent tax on bonuses paid to executives who work at banks and companies that accepted taxpayer money in the 2008 financial bailout.

Although Treasury Secretary Timothy Geithner declined to endorse the idea in a meeting yesterday with Brown and other Democratic senators, the Ohioan said, "Chances are pretty good we can pass this."

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Brown seeks tax on post-bailout bonuses for execs »