Washington – The White House says President Barack Obama will return 5 percent of his salary to the Treasury in light of automatic spending cuts that have led to furloughs for thousands of federal workers.
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A White House official says Obama decided to return part of his salary each month for the rest of the year to share in the sacrifice that government employees are making. The official wasn’t authorized to discuss the decision publicly and spoke on condition of anonymity.
The president makes $400,000 per year. A 5 percent pay cut amounts to a little less than 1,700 per month.
The decision is retroactive to the beginning of March. That’s when $85 billion in federal spending cuts kicked in after lawmakers failed to agree on a plan to undo them.
Is he returning his taxed wages? That would defi logic. Or is he taking a pay cut
Why is he taking a paycut?
We should give him a Raise! He managed to cut the bloated federal government and trim the fat!
Bravo, Mr. fiscal conservative President!
Let’s see how much he will charge for a speaking engagement!
Maybe he should cut down on his 1 billion dollar vacation expenses instead
How generous of him and the Mrs., considering that they both have been living the past 5 YEARS AS THE TOP 1% that they so ABHOR and want to further TAX!