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Lawmakers seek taxes on pay for TARP receivers

Companies receiving taxpayer funds under the Troubled Asset Relief Program would be subject to major taxes on executive bonuses under a proposal unveiled Tuesday.

Companies receiving taxpayer funds under the Troubled Asset Relief Program would be subject to major taxes on executive bonuses under a proposal unveiled Tuesday evening by Senate Finance Committee Chairman Max Baucus, D-Mont., and ranking minority member Charles Grassley, R-Iowa.
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