Did you get your Money’s Worth from Congress last week?

Money's Worth | June 27, 2011

Both the House and Senate were in session last week. In addition to the measures outlined below, lawmakers engaged in conversations led by Vice President Joe Biden to wrap up negotiations on a proposal to raise the debt ceiling. They were not successful. On Thursday, Republican lawmakers pulled out of the talks citing differences over taxes.

What you paid
Last week taxpayers spent roughly $107.8 million on Congress.

Salaries of Members of Congress and their allowances/week:

Speaker of the House: $223,500/52 = $4,299
House and Senate Majority and Minority Leaders: ($193,400/52) x 4 = $14,877
Other Representatives and Senators: ($174,000/52) x 530 = $1,773,462

Average budget for Members of Congress: ($1,600,000/52) x 535 = $16,461,538

Non-salary money allocated for Congress: $4.656 billion/52 = $89,538,462

What you got
The House
voted in favor of five bills that would save $725 million over 10 years:

H.R. 1249, To amend title 35, U.S. Code, to provide for patent reform. SAVINGS: $725 million over 10 years

H.R. 2021, Jobs and Energy Permitting Act of 2011. COST: “No significant impact on the federal budget.”

S. 349, Naming the Marine Sgt. Jeremy E. Murray Post Office in Rootstown, OH. COST: $0

H.R. 771, Naming the Schertz Veterans Post Office in Schertz, TX. COST: $0

H.R. 1632, Naming the Sergeant Chris Davis Post Office in Lubbock, TX. COST: $0

The Senate confirmed Leon E. Panetta to be Secretary of Defense and Michael H. Simon to a U.S. District Court judge. The Senate also began work on a bill to streamline the process by which the President makes nominations to executive branch agencies and commissions.

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