Wealth is VERY GOOD. May every American have the pleasure of it! Except unrepentant criminals and the Demons of the Left.
But the Demons of the Left who wove their spells in the Oval Office do have it. Senator Joni Ernst is introducing a bill to modify the incomes that Americans pay the Bad (and the Good) former presidents through taxes.
But only modify them:
Quote:
Under current law, former presidents receive an annual pension equal to a Cabinet secretary’s salary, plus $115,000 yearly for staff in their first 30 months post-presidency. That drops to $96,000 annually afterward – still not exactly chump change.
Meanwhile, these same former presidents are amassing tremendous private wealth.
Barack Obama secured a reported $65 million book deal with Penguin Random House and an exclusive Netflix production agreement (because apparently, $65 million in book deals wasn’t enough).
Meanwhile, former President Bill Clinton’s net worth stands at approximately $120 million.
“From speaking gigs to Netflix deals and much more, former presidents have been raking in the dough,” said Ernst. “Americans should not be on the hook to support those who clearly are having no issues supporting themselves.”
Ernst’s “Presidential Allowance Modernization Act” offers a common-sense solution. It would establish a $200,000 annual pension and a $200,000 yearly allowance. However – and here’s the key part – that allowance would decrease if a former president’s annual income exceeds $400,000.
https://pjnewsletter.com/joni-ernst-presidents-benefits/?utm_source=actengage&utm_medium=email