Republican-led Congress wants to repeal Obama’s $200K pension
Since leaving the White House, Obama has racked up a load of cash in lucrative deals, which include speaking fees and a $65million book deal. The Republican-led Congress is not happy and are making plans to deprive him of his $200K a year pension. He’s not the only one in the line of fire, as all future presidents will be affected if the bill scales through.
It’s not the first time the issue has been raised, Obama vetoed the bill last year when he was president.
Republican Rep. Jason Chaffetz said:
‘The Obama hypocrisy on this issue is revealing. His veto was very self-serving.’
President Donald Trump has said he will not accept a salary during his time in office and he hasn’t. He hasn’t been paid any money since he became president.
It’s unclear whether he could collect a pension after his tenure comes to an end. Obama is charging as much as $400K per speech, which was his annual salary as president.