(Washington, DC) – Congressman C.A. Dutch Ruppersberger (D-MD) co-sponsored legislation today that will tax the bonuses given to AIG executives at 100%. AIG awarded $160 million in bonuses just months after receiving $173 billion in taxpayer funds to save the company from the brink of collapse. AIG says it was contractually obligated to grant these bonuses. AIG Chief Executive Edward Liddy is expected to testify today on Capitol Hill.

 "Using taxpayer funds to pay out multi-million dollar bonuses to AIG executives who drove the company into the ground is absolutely outrageous. It is immoral, fiscally irresponsible, and downright greedy. This legislation will ensure all of the money is returned to the taxpayers. This situation is also a massive distraction from our efforts to get our economy back on track," said Congressman C.A. Dutch Ruppersberger.