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A Republican senator introduced legislation Tuesday to cut down on the amount of money ex-presidents siphon from taxpayers, looking to limit their pensions and office expenses.
Sen. Joni Ernst, Iowa Republican, said that while presidents should keep getting taxpayer-funded security details, they don’t need the more than $1 million in pensions and office equipment that former Presidents Obama and George W. Bush are each expected to cost in 2018.
Bill - Pension - Payment - President - Cap
Her bill would cap the annual pension payment at $200,000 per president, and would impose a cap on how much an ex-president’s office can cost. Initially the cap would be $500,000 a year, dropping over a decade to $250,000 per presidential office.
“The reality is that post-presidential life already provides fruitful opportunities on its own, with former presidents raking in tens of millions of dollars from book deals, speaking engagements, and more,” Ms. Ernst said.
Washington - Times - Month - Mr - Obama
The Washington Times reported last month that Mr. Obama is poised to become the most expensive ex-president during his first full year out of office,...
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