Wednesday, November 25,  1:03 pm

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A top White House economic adviser Sunday suggested that President Obama might refuse to sign legislation that would largely confiscate bonuses paid this year to employees of American International Group Inc. and other companies that have accepted large amounts of federal bailout funds.

The House Thursday approved a 90% tax on bonuses paid this year to AIG employees and workers at other firms participating in the federal government's efforts to shore up the financial system. Similar legislation introduced in the Senate late Thursday would place a 70% total tax on the bonuses, consisting of a 35% excise tax on companies paying bonuses and a 35% tax on employees receiving them.

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