New bonus bill: bonus balm

The US Congress has passed another bonus bill. But bankers working for financial firms that have taken government capital don’t have to speed up their job searches just yet. Lawmakers have taken note of the adverse reaction to their last bill, with its punitive 90% tax rate. This latest one has toned down the righteous anger and looks a lot more thoughtful. For starters, there’s no mention of any special tax rates for bonuses. The bill explicitly states that bonus recipients shouldn’t be named. ...