Lawmakers are shocked and furious that Obama took a large amount of money and they are going to do something about it, said House Oversight and Government Reform chair Jason Chaffetz.
Business Insider reported, Congressional republicans are intending to reintroduce a bill according to witch presidential pensions will be targeted if the former commander-in-chief earns at least $400,000 in outside income.
Obama vetoed the Presidential Allowance Modernization Act — a bill sponsored by Chaffetz according to which president’s pension would be capped at $200,000 a year and eliminate pensions if they earned $400,000 or more – for the reason of “unintended consequences”.
The law which gives the ex-president a nice pension shouldn’t apply to Barak when he is making $800,000 in 3 months giving just two speeches, we need to change the law. This law was proposed after one ex-president fell on hard times.
The left thinks that they are doing it just because it is Obama, but the truth is that after Bill and Hillary set the precedent, the Presidency has become a money maker and highly rewarded by Wall Street too.
It seems to be very clean but in fact is corrupted.
USA Today’s tweeted: “Obama’s $400,000 speech could prompt Congress to go after his pension.”
Which caused Jason Chaffetz to respond: “Yes, it will.”
“The Obama hypocrisy on this issue is revealing,” Chaffetz added. “His veto was very self-serving.”
“The basic premise here is, if they want to go fishing in Utah for the rest of their lives, they can do that. They will be well compensated for the rest of their lives,” Chaffetz said. “If they’re going to make millions of dollars, the taxpayers shouldn’t have to subsidize them.”
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