Webb continues talks with leadership on bonus tax

Despite recent setbacks, Sen. Jim Webb (D-Va.) is continueing talks with Senate leadership about creating a 50 percent tax on executive bonuses. 

The senator recently tried but failed to attach his measure to legislation extending several expired tax breaks. 

Webb told The Hill that discussions are focused on which upcoming bill would be the best vehicle for a vote on his measure. 

If his next attempt is successful, a one-time, 50 percent tax would be levied on executive bonuses above $400,000 and paid by firms that received at least $5 billion in bail-out funds.