House members looking at $4,400 pay increase
Posted on June 28th, 2007 by bile Categories and Tags: Uncategorized, ATM, Congress, House, House of Representives, politics, your moneyDespite low approval ratings and hard feelings from last year’s elections, Democrats and Republicans in the House are reaching out for an approximately $4,400 pay raise that would increase their salaries to almost $170,000.
As part of an ethics bill in 1989, Congress gave up its ability to accept pay for speeches and made annual cost-of-living pay increases automatic unless the lawmakers voted otherwise.
I wonder what Ron Paul’s position is on this? Keeping up with inflationĀ wouldn’t be a pay increase really. I’m not sure (and am too lazy ATM to look up) of what the formula is they use.




