Enough is Enough: McCaskill to introduce bill to cap compensation at corporations who take taxpayer funds

This just in from Senator Claire McCaskill:

URGENT SENATE FLOOR ALERT: McCaskill to introduce salary cap bill

Sen. Claire McCaskill plans to take to the Senate floor and announce that she is introducing legislation that will cap compensation for employees of any private company that accepts federal dollars because of the economic downturn.  Employees would not be able to make more than the President of the United States until the company no longer relies on federal assistance under the financial rescue program.  This compensation cap would include salary, bonuses, and stock options. 

McCaskill plans to speak at 11:00 AM Central Time on the Senate floor today.  Tune in on CSPAN 2 to watch.