Obama to Return 5 Percent of Salary

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obama-livePresident Obama will return 5 percent of his salary to the Treasury Department, a senior White House official tells ABC News, a sign of solidarity with the federal workers who face furloughs due to the sequester cuts.

“The president has decided that to share in the sacrifice being made by public servants across the federal government that are affected by the sequester, he will contribute a portion of his salary back to the Treasury,” a White House aide said.

The president’s salary is set by law at $400,000 a year, and he will give back about $20,000 this year. The 5 percent cut is the same reduction level that non-defense federal agencies took when the sequester started.

Obama’s total income according to his 2011 tax returns was $789,674. That figure includes his investments and book sales, which are not part of his 5 percent give back.

Read more here.

{Matzav.com Newscenter}


8 COMMENTS

  1. No Obama, your mayser cheshbon is krum. It’s brought down in Maseches Kesubos daf nun alef that one should not give more than 1/5th or 20%. You’re giving 1/20th or 5%, so you’re not yoytzeh the chiyuv even lechatchila.

  2. He ahould also personally pay for the endless parties and vacations he and his entourage take on our dime, as he cynically cuts back on essentials for others less fortunate.

  3. #5, do you know how many people flew with him, as you say it ON OUR DIME, to Israel and Jordan?
    SIX HUNDRED! PLUS his two cars and who knows how much more money was spent!
    Sounds like we have another Marie Antoinette in the making!

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