US Politics

Congress Just Decide To Hit Obama Where It Hurts The Most… His Wallet! Enough Wasting Tax Payers Money!

Folks, Congress Hit Obama right where it hurts…HIS WALLET!

Last year, then-president Barack Obama vetoed a bill that would have curbed the pensions of former presidents if they took outside income of $400,000 or more.

“The Obama hypocrisy on this issue is revealing,” said Rep. Jason Chaffetz, R-Utah, chairman of the House Oversight and Government Reform Committee and sponsor of the 2016 bill. “His veto was very self-serving.”

Chaffetz and Sen. Joni Ernst, R-Iowa, the sponsor of the companion Senate bill, say they will re-introduce the Presidential Allowance Modernization Act this month. The bill would cap presidential pensions at $200,000, with another $200,000 for expenses.

But those payments would be reduced dollar-for-dollar once their outside income exceeds $400,000.

Since Obama has been getting paid $400,000 per-speech by Wallstreet and $65 million for his book, that means his pension would basically go bye-bye.

A new bill are looking to pass would deduct 1$ for every 1$ earned over $400,000 by a former President.

Ex-Presidents currently get a life-long pension of $207,800-per-year.

Let’s help the CONGRESS and hurt his wallet!


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