Everyone’s abuzz about the bonuses being paid out to AIG employees, some reaching above $1 million.

And Congress is there on the case, chasing down the money that . . . it is responsible for putting out there in the first place.

(Yes, yes, AIG money was a loan from the Fed, not TARP – but Congress is responsible for them all.)

So here is a bill to impose higher taxes on bonuses paid by businesses that are owned by the federal government (like AIG is now).

And, speaking of TARP, here’s a bill to impose a tax on bonuses received from companies receiving TARP funds.

Let’s not be shy with the taxing: here’s a bill to put a 90% tax on bonuses paid by business that receive TARP assistance.

In case that’s not enough, here’s another to put a 100% tax on bonuses paid by businesses that receive TARP assistance and are majority owned by the Federal Government.

Don’t worry folks. Congress is on the case! Chasing the headlines – and the fatcats that it gave all that cat food to.

Update: Here’s another bill along the same lines.