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New GOP bill would slash congressional salaries until budget is balanced

Posted by on Feb. 6, 2016 at 9:16 AM
  • 20 Replies

Iowa Republican Rep. Rod Blum introduced legislation Friday that would decrease congressional members’ salaries annually until the national budget is balanced.

Lawmakers’ pay would be docked 5 percent the first year and an additional 10 percent each year after, according to the legislation. The Fiscal Responsibility Act of 2016 would restore compensation levels upon the closure of the deficit.

“As a career small businessman, I know firsthand the consequences when businesses mismanage resources. But unlike the private sector, Congress faces no penalties for failure,” Blum said in a statement. “Year after year we’ve seen the same thing: grand promises of future savings while our national debt continues to skyrocket. For the sake of our children and grandchildren who will be stuck paying off our $19 trillion debt, it’s time we make our politicians face the reality of our fiscal crisis by hitting them where it counts: their own pocketbook.”

Salaries for the members of Congress currently range from $174,000 to $223,500 — the speaker earns the highest, while leadership positions take in $193,400.

Republican leadership said they aim to vote on a budget resolution the first week of March, The Washington Post reports.

According to the Congressional Budget Office, the country faces a $544 billion deficit for the 2016 fiscal year.



Read more: http://www.bizpacreview.com/2016/02/06/new-gop-bill-would-slash-congressional-salaries-until-budget-is-balanced-302904#ixzz3zOhDL9ce

by on Feb. 6, 2016 at 9:16 AM
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Replies (1-10):
Carpy
by Emerald Member on Feb. 6, 2016 at 10:22 AM
1 mom liked this
Sounds like a good idea to me.
shiasmama
by Bronze Member on Feb. 6, 2016 at 10:55 AM
1 mom liked this

Me too. The best part is that it doesn't support the left-wing belief that Republicans are all about the wealthy.

Quoting Carpy: Sounds like a good idea to me.


poietes
by Bronze Member on Feb. 6, 2016 at 10:59 AM
It's awesome but it will never pass.
shiasmama
by Bronze Member on Feb. 6, 2016 at 11:01 AM

Not that I disagree with you, but why do you think it won't pass?

Quoting poietes: It's awesome but it will never pass.


angelenia
by Silver Member on Feb. 6, 2016 at 11:13 AM
Love this!
meriana
by Ruby Member on Feb. 6, 2016 at 11:36 AM
1 mom liked this

Great idea. It's interesting however, that this is being done during an election cycle, their candidates are presenting platforms that call for anything from very low to zero federal taxes for corporations, as well as for those who make millions from capitol gains. They want their guy in the WH and since most people would be in favor of this, it helps their candidates. It'll be interesting to see how far it goes, and if passed, how fast they repeal it if their candidate does win election

4evrinbluejeans
by KK on Feb. 6, 2016 at 11:41 AM
2 moms liked this

Until it passes through congress and the senate it actually doesn't disprove the opinion that Republicans are about money.  One guy sponsoring a bill is a long way from it happening.  I don't see it getting out of committee to a vote.

A similar bill was introduced by a Republican back in 2013...it also died in committee.   

You can track the bill's progress here.  

https://www.congress.gov/bill/114th-congress/house-bill/4476

Quoting shiasmama:

Me too. The best part is that it doesn't support the left-wing belief that Republicans are all about the wealthy.

Quoting Carpy: Sounds like a good idea to me.



LGAll65
by on Feb. 6, 2016 at 11:55 AM
Yup . I doubt the bill will pass . It would be a really good thing if it would pass though .

Quoting 4evrinbluejeans:

Until it passes through congress and the senate it actually doesn't disprove the opinion that Republicans are about money.  One guy sponsoring a bill is a long way from it happening.  I don't see it getting out of committee to a vote.

A similar bill was introduced by a Republican back in 2013...it also died in committee.   

You can track the bill's progress here.  

https://www.congress.gov/bill/114th-congress/house-bill/4476

Quoting shiasmama:

Me too. The best part is that it doesn't support the left-wing belief that Republicans are all about the wealthy.

Quoting Carpy: Sounds like a good idea to me.

Sisteract
by Whoopie on Feb. 6, 2016 at 12:21 PM
1 mom liked this

Grand Idea-

Now let's place a bet...

angel_vine
by Member on Feb. 6, 2016 at 12:23 PM

Sounds like a good idea to me!

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