House Oversight chair suggests Congress could go after Obama's pension over $400,000 speech
AP Photo/Cliff Owen
At least one lawmaker suggested Congress may evaluate Obama's presidential pension because of it.
House Oversight and Government Reform chair Jason Chaffetz commented in a USA Today story published Wednesday that said lawmakers may reintroduce a bill that would target presidential pensions if a former commander-in-chief earns outside income of at least $400,000.
While in office, Obama vetoed the Presidential Allowance Modernization Act - a bill sponsored by Chaffetz that would have capped a president's pension at $200,000 a year and phased out pensions if they earned $400,000 or more from other sources.
USA Today's tweet Wednesday night read: "Obama's $400,000 speech could prompt Congress to go after his pension."
Chaffetz responded: "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."
Obama reasoned that his veto was based upon "unintended consequences" that would have affected his predecessors.
"President Obama will deliver speeches from time to time," said former White House spokesman Eric Schultz. "Some of those speeches will be paid, some will be unpaid, and regardless of venue or sponsor, President Obama will be true to his values, his vision, and his record."
Obama's $400,000 speech could prompt Congress to go after his pension https://t.co/h17muKPMmE via @USATODAY Yes, it will
- Jason Chaffetz (@jasoninthehouse) May 4, 2017
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Upcoming cars and two-wheelers launching in India in April 2024
- Ice melt in Antarctica and Greenland is slowing Earth's rotation, affecting timekeeping: Study
- Elections on a plate: Poll panels fix menu & expense ceiling for Samosa, tea, biryani & more
- Regenerative farming, cover crops will help farmers increase yields, reduce stubble burning: IDH CEO
- Sustainable Event Planning