Senator Ernst continues fight to cut costly presidential perks - KWWL - Eastern Iowa Breaking News, Weather, Closings

Senator Ernst continues fight to cut costly presidential perks

Posted: Updated:

U.S. Senator Joni Ernst re-introduced the Presidential Allowance Modernization Act of 2017 today in an effort to cut spending and safeguard taxpayer dollars. 

This legislation reforms the outdated system that provides former U.S. Presidents with post-presidency benefits by establishing the first-ever limits on the taxpayer support they receive. 

Right now, under the Former Presidents Act, former presidents receive a pension, as well as a monetary allowance, to cover expenses such as travel, staff, communications, and office space, which are all funded by American taxpayers. 

Senator Ernst's legislation would put a cap on former presidents' monetary allowances, which are currently unlimited and fund resources like office space, staff salaries, cell phone bills, and more. It would also reduce the allowance dollar-for-dollar by each dollar of income a former president earns in excess of $400,000.

However, this legislation does not impact funding for the security or protection of a former president. 

“With the national debt quickly approaching $20 trillion, we cannot afford to generously subsidize the perks of former presidents to the tune of millions of dollars,” said Senator Ernst. “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. This legislation implements greatly needed reforms and saves taxpayers millions. Most importantly, it’s another step toward reigning-in Washington’s out-of-control spending.”
 

Senator Ernst first introduced this act in May of 2015. After passing both the U.S. Senate and House of Representatives with unanimous support, it was veoted by President Obama. 

Read the full text of the bill below: 

Powered by Frankly