The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
April 2, 2009

House OKs Weaker Exec Pay Caps
------------------------------



On Capitol Hill, the House has approved a weaker version of a bill to
cap executive payments at bailed-out firms. The measure follows moves by
Senate Democrats to quash last month’s much trumpeted House measure that
would have imposed a 90 percent tax on bonuses. The new House measure
limits the scope of bonuses that can be considered “excessive” and gives
the Treasury greater leeway in oversight.



.