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We’re one step closer to ending ‘Presidential Perks.’
Former presidents rake in millions from speaking engagements, Netflix deals, and other big money windfalls once they leave office; but, believe it or not, Iowa taxpayers continue to foot the bills for the unlimited perks, like travel expenses and office space.
That’s simply ridiculous.
My bipartisan “Presidential Perks” bill would put a stop to these unlimited perks for future presidents, saving taxpayers in Iowa, and across the country, millions. Fortunately, the legislation passed the House of Representatives last week, and is now one step closer to becoming law.
The Presidential Allowance Modernization Act of 2019 would:
- Establish a cap on former presidents’ monetary allowances, which are currently unlimited, and fund resources like office space, staff salaries, cell phone bills, and more.
- Set the pension for a former president at $200,000 per year.
- Reduce a former president’s annual monetary allowance dollar-for-dollar by each dollar of income a former president earns in excess of $400,000.
- Apply to future former presidentscurrent ex-presidents will continue receiving benefits via the existing system.
- Not impact the funding of the security or protection of a former president.
What’s Next
My bill passed out of the Senate Homeland Security and Governmental Affairs Committee in May of this year. Now that the legislation has passed in the House, it only needs to pass in the Senate in order to go to the president’s desk to be signed into law.
I’ll continue to fight until we get this commonsense and bipartisan bill across the finish line.
For more updates on what's happening in Washington, D.C. and Iowa, be sure to 'Like' my Facebook page, follow me on Twitter @SenJoniErnst, and subscribe to my YouTube channel.
Thank you!
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