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Congress Is Hitting Obama Where It HURTS The Most – In His WALLET!

Folks, Congress Hit Obama right where it hurts…HIS WALLET!

Last year, then-president Barack Obama vetoed a bill that would have curbed the pensions of former presidents if they took outside income of $400,000 or more.

“The Obama hypocrisy on this issue is revealing,” said Rep. Jason Chaffetz, R-Utah, chairman of the House Oversight and Government Reform Committee and sponsor of the 2016 bill. “His veto was very self-serving.”

Chaffetz and Sen. Joni Ernst, R-Iowa, the sponsor of the companion Senate bill, say they will re-introduce the Presidential Allowance Modernization Act this month. The bill would cap presidential pensions at $200,000, with another $200,000 for expenses.

But those payments would be reduced dollar-for-dollar once their outside income exceeds $400,000.

Since Obama has been getting paid $400,000 per-speech by Wall Street and $65 million for his book, that means his pension would basically go bye-bye.

A new bill are looking to pass would deduct 1$ for every 1$ earned over $400,000 by a former President.

Ex-Presidents currently get a life-long pension of $207,800-per-year.

Let’s help the CONGRESS and hurt his wallet!

(via: Conservative Post)

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