On a voice vote, the House Oversight panel backed a measure Tuesday to limit taxpayer dollars for expenses, including travel, incurred by ex-presidents who earn more than $400,000 a year.
U.S. taxpayers paid a total of $3.5 million last year in pensions and benefits to the four living former presidents, including $1.3 million for Bush and $950,000 for Clinton, according to a report by the Congressional Research Service. Most of that money was for sprawling office space in Dallas and New York, respectively.
Both Clinton and Bush, like other ex-presidents before them, have earned millions in speaking fees since leaving office.
The oversight committee acted just days after Hillary Rodham Clinton reported that she and her husband earned more than $30 million combined in speaking fees and book royalties since January 2014. The earnings put the couple in the top one-10th of 1 percent of all Americans.
The House bill would set presidential pensions at $200,000 a year, nearly the same as the current amount, with an additional $200,000 set aside for office space and other expenses. The bill would reduce expense payments by $1 for every dollar above $400,000 earned by a former president.
Under the legislation, ex-presidents who earn more than $600,000 a year would not receive federal funds for office expenses or travel. Presidential pensions would not be affected by the amount of income earned.
Rep. Jason Chaffetz, R-Utah, chairman of the House Oversight panel and a co-sponsor of the bill, said it was not aimed at anyone, but was a simple matter of fairness.
"History shows that former presidents do very well financially after they leave office," Chaffetz said in a statement before Tuesday's vote. "In fact all former presidents are millionaires, making it unlikely that they depend upon their taxpayer-funded allowance to make ends meet."
Chaffetz, who has introduced similar bills in the past two sessions of Congress, missed Tuesday's vote because of an emergency operation to remove his gall bladder.
Rep. Elijah Cummings of Maryland, the senior Democrat on the panel, co-sponsored the latest measure with Chaffetz.
"Taxpayers should not have to pay for a former president's allowance if the former president is making a comfortable living earning more than $400,000 a year after leaving office," Cummings said.
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