The House of Representatives laid down the law on bailed-out banks this afternoon.

Democrats and Republicans came together and voted overwhelmingly — 328 to 93 — to tax bonuses distributed at companies in which the government owns at least a 79% stake. The move comes after it was revealed this week that insurance giant AIG, of which the government owns 80%, planned to distribute $165 million in bonuses. The bill, if passed into law, will tax 90% of people’s extra dough, The New York Times reports.

Representative Earl Pomeroy of North Dakota delivered an impassioned admonishment on the floor this morning, and highlighted the American public’s rage: "The people have said ‘no,’ In fact, they said ‘hell no, and give us our money back.’" He went on to describe AIG executives as "disgraced professional losers." Ouch!

Six Democrats and 87 Republicans voted against the bill, which some people call "unconstitutional." Writer for the Heritage Foundation, Andrew M. Grossman, notes, "First, it may be tantamount to a bill of attainder, with respect to those individuals, and so prohibited under the Constitution. Second, it could constitute an unlawful taking of property."

The Senate will likely debate a similar bill next week.