Obama To Give Back 5% Of Salary [View all]
Source: TPM
PEMA LEVY 2:46 PM EDT, WEDNESDAY APRIL 3, 2013
President Obama plans to give five percent of his salary back to the Treasury as a gesture of solidarity with workers who have been furloughed as a result of sequestration, the New York Times reported Wednesday.
The voluntary move would be retroactive to March 1 and apply through the rest of the calendar year, the official said. The White House came up with the 5 percent figure to approximate the level of automatic spending cuts to non-defense federal agencies that took effect that day.
“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,” the official said.
Defense Secretary Chuck Hagel indicated he would also return a portion of his salary back to the Pentagon on Tuesday.
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