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house Bill H.R. 1777

Should Wealthy Former Presidents Have Smaller Pensions?

Argument in favor

Former Presidents earn enough money from giving speeches and writing books, and don't rely on their allowance from the federal government. This bill maintains the payments as a safety net — but saves the money when it isn’t needed.

GrumpyMSgt's Opinion
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01/11/2016
Absolutely! Just look at Bill and Hillary Underwood, oops I mean Clinton raking in the cash through the bogus Clinton Foundation. This has to be the greatest money laundering scheme in history. Makes Mr. Ponzi look like a JV team. These folks don't need a pension on the backs of the taxpayers.
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Leo's Opinion
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01/11/2016
Considering the ease with which former Presidents make money on simple appearances, the pension they get is really unnecessary.
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operaman's Opinion
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01/11/2016
Seems fair. This is very similar to lowering Social Security benefits for rich retirees to maintain the Fund.
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Argument opposed

Former Presidents should be richly compensated for their service to the country once they leave office. It may not be their old salary, but these payments represent the nation’s gratitude for the president’s contributions while in office.

Steven's Opinion
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01/13/2016
While this may be an issue that needs attention, I find the timing highly suspicious. Lets discuss a pay cut for ex Presidents as Barack Obama is on his way out the door. I'm sure he'll be financially well off I just don't care for the principle of it after having to endure so much BS while in office. It reads to me as flipping him the bird one last time. It's waited this long, revisit this after the next President takes office.
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BTSundra's Opinion
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01/11/2016
While I hate waste spending, wealth discrimination is never something I'm a fan of, and these people did their part for the country.
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Pastor's Opinion
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01/11/2016
As much as I may not agree with some presidents positions, I must stand on the side of what is ethically and morally right! No one other than the ones in that seat could understand the responsibilities, pressures, and weight that being a President of the greatest Nation deals with! Not even the media gets it! To take it a step further, I believe in many ways we should take care of our seniors in some like manor!
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Bill Details

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Title

Presidential Allowance Modernization Act of 2016

Official Title

To amend the Act of August 25, 1958, commonly known as the "Former Presidents Act of 1958", with respect to the monetary allowance payable to a former President, and for other purposes.

Summary

Presidential Allowance Modernization Act of 2016 (Sec. 2) This bill revises provisions relating to presidential pensions to allow former Presidents a lifetime annual annuity of $200,000 and an additional annual monetary allowance of $200,000, each adjusted annually for cost-of-living increases as provided by the Social Security Act. It reduces the annual monetary allowance by the amount that a former President's adjusted gross income in a taxable year exceeds $400,000.  The bill prohibits the monetary allowance from being less than the amount that the General Services Administration and the U.S. Secret Service determine is needed to pay the increased cost of doing business that is attributable to the security needs of the former President. The annuity and allowance shall not be payable for any period during which a former President holds an appointive or elective position in or under the federal government that pays more than a nominal rate. The bill increases from $20,000 to $100,000 the annual annuity of a surviving spouse of a former President. (Sec. 3) Nothing in this bill shall be construed to affect: (1) a law relating to the security or protection of a former President or a family member of a former President, or (2) funding to carry out such security or protection. (Sec. 4) The bill applies to an individual who is a former President or the widow of a former President as of the date of enactment. (Sec. 5) For a former President receiving a monetary allowance before the enactment of this bill, the reduction of the monetary allowance for adjusted gross income required by this bill applies, except to the extent that it would prevent the former President from being able to pay the cost of a lease or other contract that is in effect on the day before enactment of this bill and under which the former President makes payments using the monetary allowance.

bill Progress


  • Vetoed
    The President has not signed this bill
  • The senate Passed June 21st, 2016
    Passed by Voice Vote
      senate Committees
      Committee on Homeland Security and Governmental Affairs
  • The house Passed January 11th, 2016
    Passed by Voice Vote
      house Committees
      Committee on Oversight and Reform
    IntroducedApril 14th, 2015

Log in or create an account to see how your Reps voted!
    Absolutely! Just look at Bill and Hillary Underwood, oops I mean Clinton raking in the cash through the bogus Clinton Foundation. This has to be the greatest money laundering scheme in history. Makes Mr. Ponzi look like a JV team. These folks don't need a pension on the backs of the taxpayers.
    Like (24)
    Follow
    Share
    While this may be an issue that needs attention, I find the timing highly suspicious. Lets discuss a pay cut for ex Presidents as Barack Obama is on his way out the door. I'm sure he'll be financially well off I just don't care for the principle of it after having to endure so much BS while in office. It reads to me as flipping him the bird one last time. It's waited this long, revisit this after the next President takes office.
    Like (24)
    Follow
    Share
    Considering the ease with which former Presidents make money on simple appearances, the pension they get is really unnecessary.
    Like (16)
    Follow
    Share
    While I hate waste spending, wealth discrimination is never something I'm a fan of, and these people did their part for the country.
    Like (11)
    Follow
    Share
    Seems fair. This is very similar to lowering Social Security benefits for rich retirees to maintain the Fund.
    Like (6)
    Follow
    Share
    Public servant.
    Like (4)
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    As much as I may not agree with some presidents positions, I must stand on the side of what is ethically and morally right! No one other than the ones in that seat could understand the responsibilities, pressures, and weight that being a President of the greatest Nation deals with! Not even the media gets it! To take it a step further, I believe in many ways we should take care of our seniors in some like manor!
    Like (4)
    Follow
    Share
    This will give the tax payers a small break. Every million dollar counts. We are so far in debt, it's a wonder China has not let us drown already since they own most of our debt. And they stole untold millions of public employee identities due to the incompetence of the Obama administration.
    Like (3)
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    The Presidency is a difficult position & has lasting, detrimental effects on a person -- it shouldn't matter if s/he was already wealthy before taking office, receiving compensation after their term, etc. However, I expect that a (former) President wants what's best for our democracy & would voluntarily decline a government salary IF it would cause an undue burden on the nation.
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    They'll make enough money after their terms anyway. We don't need to keep increasing taxpayer burdens on something that is a "drop in the bucket" financially to them.
    Like (3)
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    It just makes sense. Another good option would be to let any former president apply all or part of their pension directly to national deficit reduction or a rainy day fund if we ever get rid of the deficit.
    Like (2)
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    Show me where the Founding Fathers put a provision in the Constitution providing a pension or health care for Presidents & members of Congress.
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    Why do we give pensions to anyone? I have a 401k. That's what public employees should have. They need to understand what it's like out here.
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    Before Truman went broke, ex-presidents didn't have any pension. If their finances are fine, there isn't a reason to continue the program. Remove/reduce the pension, and revisit the issue if ex-presidents run into problems again. We can always change it back.
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    If they are rich they don't need it, it should be put to better use like reducing the debt
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    Government employees should get paid for the work they are doing, not the work they did.
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    I think all politicians should have less pensions. The amount they get is absurd for something that is a civil service to the people. We need to eliminate the incentive for politicians to make a career out of a civil duty.
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    This bill is just silly and accomplishes essentially nothing. I highly doubt this is a financial matter that's really worth time debating or even considering given the myriad of other expenses faced by the federal government.
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    When you talk about cutting welfare and entitlement programs, this should be a priority.
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    One small way to cut back !!
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