Senate buries House's AIG bonus tax bill


The U.S. Senate Monday night buried the controversial AIG (AIG) bonus tax bill, reported.

Senate Majority leader Harry Reid, D-Nevada, is likely to delay action on executive compensation until late April, after the Senate returns from a two-week recess.

The Upper Chamber's response came as questions mount about the bill's constitutionality, and after President Obama told CBS's "60 Minutes" Sunday night that he didn't think, as a general proposition, the tax code should be used to punish people.