House wants to cut presidential pensions, citing six-figure speaking fees and massive book deals

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Title : House wants to cut presidential pensions, citing six-figure speaking fees and massive book deals
link : House wants to cut presidential pensions, citing six-figure speaking fees and massive book deals

news-today.world | The House backed a bill on Monday to reduce the government pension of former presidents and capping how much they can bill taxpayers for office expenses and staff. The measure passed by voice vote.

Former presidents get lucrative book deals and high-paid speaking gigs, so there’s no need for taxpayers to support them to the degree that the federal government has done in the past, according to the argument.

Rep. Jody Hice, R-Ga., the bill’s sponsor, says the lifestyle of former presidents means taxpayers can pay less. He said that President Bill Clinton earned more than $100 million in speaking fees as well as $15 million from a book deal after leaving office while President George W. Bush received $10 million for a book deal.

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