Source: U.S. Navy (Public Domain)
ADVERTISEMENT

Source: U.S. Navy (Public Domain)
Former Presidents George W. Bush and George H.W. Bush
Source: U.S. Navy (Public Domain)

Yesteray, U.S. Senator Joni Ernst (R-IA) introduced the Presidential Allowance Modernization Act of 2015, legislation to reform the system for providing former U.S. presidents certain benefits and perks.  Original co-sponsors of the bill include U.S. Senators Mark Kirk (R-IL) and Marco Rubio (R-FL). This is the companion bill to the House of Representatives bill, H.R. 1777, introduced by Congressmen Jason Chaffetz (R-UT) and Elijah Cummings (D-MD).

Currently, legislation known as the Former Presidents Act provides former presidents with an annual pension and a series of benefits that taxpayers pick up the tab for. These perks include, but are not limited to communications, office space, staff, and travel expenses.  In fiscal year 2015, former U.S. presidents cost taxpayers more than $2.4 million in travel, office space, communications, personnel, and other expenses.

The Presidential Allowance Modernization Act examines how former presidents are spending taxpayer dollars and would set the annual allowances for former presidents at $200,000. The legislation would then reduce the amount of perks available dollar-for-dollar for annual income over $400,000 generated by former presidents the previous year.

“Taxpayers should not be on the hook for subsidizing former presidents’ lives to the tune of millions of dollars,” Ernst said. “Although this is a narrow item, this is an issue of restoring taxpayer trust by looking at reforms in the allowances and perks given to these former presidents who generate significant incomes after leaving office. At a time when we are more than $18 trillion in debt, it is critical that we stop talking and start cutting wasteful spending.”

“As Americans, we are grateful for the service of former presidents and have seen how many of them can go on to lead active and impactful careers once they’ve left office,” Rubio added. “But taxpayers no longer need to foot the entire bill for all the endeavors presidents undertake after leaving office, which is why I support Joni Ernst’s effort to reform the benefits afforded to former presidents.”

“Last year, Presidents Clinton and Bush collected $2.2 million from taxpayers. I believe the majority of Americans would prefer to keep that money in the treasury,” Kirk stated.

Subscribe For Latest Updates

Sign up to receive stimulating conservative Christian commentary in your inbox.

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
You May Also Like

Reading Helps… Before You Boycott Arizona, Read the Immigration Law!

It is amazing to me that many who criticize Arizona’s immigration law…

Arlen Specter to Switch Parties

Chris Cillizza of the Washington Post is reporting that Senator Arlen Specter…

Pathetic: MSNBC’s Ed Schultz Accuses Sarah Palin of Going to Haiti Only For Political Gain

Governor Palin accompanied Franklin Graham of Samaritan’s Purse to Haiti.  Only to…

Republican National Convention Streaming Live & Open Thread

You can watch the live stream of the convention below:   Leave…