If the law introduced Monday by the Republican Senator in Iowa becomes law, a former president who makes big money from speaking fees, media transactions or memoirs can settle taxpayer-funded benefits. I did.
The law entitled “Modernization of Presidential Allowances Act” provides a former president with a pension of $200,000 a year and a allowance of $200,000 a year to suit the cost of living each year, but once the former president makes more money, the bill will suffice. It will reduce it. Over $400,000 a year. Ernst told the Daily Call News Foundation that taxpayers should not put forward their bills as the former president makes huge amounts of money after the president. (Related: Exclusive: Joni Ernst takes another crack by ousting bureaucrats from Washington)
President Barack Obama and Michelle Obama have signed a multi-year agreement to produce potential Netflix films and series, including scripted series, non-scripted series, documentary series, documentaries and features.
– Netflix (@netflix) May 21, 2018
“From talking to Netflix trading, the former president is rakes up the fabric,” Ernst told DCNF. “Americans should not be on the hook to support people who clearly don’t have problems supporting themselves. This common sense building ultimately puts taxpayers ahead of politicians. That brings Washington over to his head.”
Ernst’s law also raises the pension of the former president’s surviving spouse from $20,000 a year to $100,000 a year.
under Current lawthe former president can receive a pension equivalent to the salary of a Cabinet Secretary, receive an office allowance of $115,000 a year, and pay staff for the first two and a half years before it drops to $96,000 a year. .
Ernst cited the substantial speech costs offered to the former president. Barack Obama And former first lady Michelle Obama As one of the legislation’s justifications. Obamas also reached a deal with Netflix, created content, $65 million book deal Comes with Penguin Random House.
a Previous version of law In 2016, introduced by Ernst, it passed the House and Senate, but Obama rejection On July 22nd, 2016.
“It would soon result in a troublesome and unreasonable burden on the former president’s office, including the General Services Bureau requesting that the pay and benefits of employees in the office be terminated and furniture and equipment removed from the office. I’ll impose it,” Obama insisted. Rejection message. “It withdraws the ability to manage the General Services Department’s lease and negatively affect operations in the unexpected impact of the former president’s protection and security.”
Former President Bill Clinton has a net worth of approximately $120 million. According to For Newsweek, former President George W. Bush had a net worth of around $40 million.
The White House did not immediately respond to requests for comment from the DCNF.
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