Is Obama Costing Taxpayers More Money Than

Paper clips, phone bills, and motion-picture show channels are merely some of the expenses American taxpayers pick up for erstwhile presidents.

CHARLOTTE, N.C. — At apex on Wed, January. 20, President Donald Trump will join the four living former presidents in that exclusive club and once again get a private citizen.

That means taxpayers will exist on the claw to subsidize a lot of Trump'south expenses, but like they do for the others.

In 1958, old President Harry Truman was living only on his Globe War I Army pension and told Congress he couldn't beget stamp stamps for "official business organization." Congress responded with the Presidential Alimony Act of 1958, giving Truman a retirement bacon of $25,000, some benefits and a staff.

Over the last 62 years, that do good ballooned.

In 2020, it's likely that taxpayers volition back up our one-time presidents to the melody of more than $3.8 million. Their salary every yr from their alimony is cabinet-level, $219,000.

Aside from that, each former president gets a staff that costs $96,000 a year per president, and taxpayers option up the hire for their office space.

A recent congressional budget study says President Bill Clinton's rent in New York is about $429,000. In Texas, George W. Bush-league spends even more than. His office infinite costs taxpayers $434,000.

Taxpayers also cover their telephone bills. In 2006, taxpayers shelled out $104,000 for Nib Clinton's bill, according to government documents obtained under the Freedom of Information Human action.

We besides pay for mundane things, similar mail, satellite Tv packages and role supplies.

"President Trump's earned benefits as an ex-President may exist in danger because of the second impeachment," said Scott Huffmon, a political scientist at Winthrop University in South Carolina.

Congress regulates and approves this money for our sometime presidents. In 2015, congress tried to cap it, but President Barack Obama vetoed it citing protection concerns.

Do one-time presidents need this money?

In retirement, President Beak Clinton's speaking fees in the first 10 years earned him more $40 million and his book deals put another $12 meg in his pocket. Clinton'due south net worth now valued at $120 one thousand thousand.

President Obama received $400,000 in i month for speeches on Wall Street. Obama's internet worth is now well over $100 meg.

"We have no idea the trivial particulars that we are picking upward the tab for people that are currently in office and former officeholders," Huffmon added.

With millions of people unemployed and COVID-19 numbers spiking, the American family'due south budget is scary and uncertain. Retirement has never looked scarier for many average Americans -- unless yous can go "Presidential."

Source: https://www.wcnc.com/article/money/what-taxpayers-spend-support-ex-presidents/275-ee0205f2-1def-4564-8e31-2a0e78aa92f3

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