Webb Delivers Floor Remarks on Taxpayer Fairness Act

Friday, March 5, 2010

Senator Webb delivers remarks on the Senate floor in support of his legislation, the Taxpayer Fairness Act. The measure puts a one-time windfall tax on 2009 bonuses above $400,000 paid to executives of financial institutions that received $5 billion or more in taxpayer support from the Troubled Assets Relief Program (TARP). It would raise billions of dollars toward reducing the deficit and offsetting the costs of pending legislation.
Nice job by Senator Webb.