WASHINGTON, March 17 A member of the U.S. House
of Representatives Financial Services Committee said on Tuesday
that he wants to consider slapping a surtax on excessive pay to
executives at bailed-out firms, such as American International
Group Inc (AIG.N).
"I look forward to working with other colleagues on a tax
law to impose a substantial surtax on excessive compensation
paid to executives at bailed-out firms, especially AIG," said
California Democratic Rep. Brad Sherman at a hearing.
An excessive pay surtax bill is being developed in the
House, said a senior Democratic congressional aide.
President Barack Obama on Monday expressed "outrage" about
$165 million of bonuses paid to employees of AIG, once the
world's largest insurer, now getting a government bailout.
New York Attorney General Andrew Cuomo has said he will
subpoena AIG for more information about the bonuses, including
the names of the recipients.
(Reporting by Kevin Drawbaugh)