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Washington: Top US senators expressed disquiet over a populist bill aimed at taxing nearly all of AIG-style bonuses, querying whether it was constitutional and if it might delay economic recovery.
The bill moves this week to the Senate after passing overwhelmingly through the House of Representatives on Thursday. Senators on both sides are looking at diluting its punitive levy of 90 per cent.
"I've got my doubts whether that's the best way to do this," Senate Budget Committee chairman Kent Conrad said on ABC's "This Week" program.
"I think there are certain constitutional questions about the imposition of a tax on a limited group of people," the Democrat said, while sharing in the public outrage against bailed-out insurer American International Group.
"If I were in charge of AIG, I'd call in these folks and I'd say, 'Look, you either give them back or you're fired.'
That we can do, because we own the company."
The senior Republican on Conrad's committee, Judd Gregg, said Treasury Secretary Timothy Geithner should have done more to stop the bonuses in the first place.
"People are disgusted and outraged, as they should be," he told CNN.
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