Blog - Articles Tagged 'Peter Welch'

Two Senate Democrats are throwing another log on the now-annual firestorm over excessive bank bonuses. Earlier this month, Sen. Jim Webb [D, VA] and Sen. Barbara Boxer [D, CA] unveiled a proposal to tax employee bonuses at certain banks and Wall Street firms that received bailout funds from the Troubled Asset Relief Program (TARP). Dubbed the Taxpayer Fairness Act, Webb and Boxer's bill would impose a one-time, 50 percent tax on the bonuses at those firms and banks that exceeded $400,000 la...

Despite being one day shorter than usual, this week felt like non-stop parade of big news – almost all of it bad for the Democrats. Click through for a point-by-point rundown of what's happened over the past week and how it effects the biggest issues in Congress going forward.