How cool would this be? Trump could slash Obama’s presidential pension of about $200,000 per year. None of the five living presidents need to be living off the tax payer’s dole. That includes both Bush presidents, Jimmy Carter and rapist Bill Clinton.
| Trump may slash Obama’s pension |
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Currently, the are 5 living former presidents, and during the fiscal year of 2017, they cost the taxpayers a whopping $2.8 billion. This includes the pensions that are approximately $200k per year, along with security, staff, and all the other perks we offer our former leaders. While providing security is always the right thing to do, there is no reason a man making $400,000 in one day would need a stipend in excess of $200k annually.
Following that same line of logic, the new bill creates a plan to reduce the payouts to presidents based on their outside income. Once they’ve earned $400,000, their salary is reduced dollar for dollar. Under these rules, Obama would cap out with one speech.
Since President Trump donates his salary anyway, he is completely on board with these changes. In fact, the Bush’s also expressed support.
Cut the fat!