Statement by Rep. Johnson on taxing AIG, other bonuses
The legislation passed the House by a vote of 328-93, drawing support from 85 Republicans.
Johnson, who voted against TARP but voted for HR 1586, was pleased that three-fourths of the TARP funds that have been spent went to companies that would be covered by this bill.
“This is exactly why I voted against TARP in the first place,” said Johnson. “This madness on Wall Street at the expense of Main Street must stop. I hope this puts to end this debilitating chapter of greed and abuse, and I trust the Senate will soon follow suit.”