The Connecticut House of Representatives is not ready to vote on a bill that would stop companies that received federal assistance, such as American International Group Inc., from awarding bonuses under a state law.
Douglas Whiting, a spokesman for Democratic House Speaker Christopher Donovan, says there’s not enough agreement yet between Democrats and Republicans to move ahead with the proposal Wednesday.
Republicans first proposed rewriting the Connecticut Wage Act, which ÌìÃÀÍøÕ¾´«Ã½´«Ã½ officials have partially blamed for why they’ve paid about $165 million in bonuses. The state law allows employees to sue for twice the full amount of contractually owed wages if the employer refuses to pay up.
Senate Democrats, meanwhile, have proposed a second bill to tax Connecticut’s share of the bonus income at 80 percent rate.
Was this article valuable?
Here are more articles you may enjoy.
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model
Carnival Cruise Passenger Served 14 Shots Awarded $300,000 After Fall Down Stairs
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 

