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

Money's Worth | October 31, 2011

The Senate was not in session last week, but the House was. Check below for what they got done, but before doing that, let’s take a look at issues that remain on the table.

Politico reported this week that House leaders have pretty much admitted it will take until at least December to complete work on the fiscal year 2012 spending bills. (The Senate has still only passed one bill while the House has passed six.

Finally – according to several news outlets including The Hill, Politico, Roll Call, The Wall Street Journal and The Washington Post – even though both Republicans and Democrats on the debt supercommittee have now released plans for reducing the federal budget deficit, agreement between the two factions is still far away. (Bloomberg even said the committee may not meet its deadline.)

P.S., when the Senate comes back, according to The Wall Street Journal, it will likely vote on a $50 billion infrastructure spending plan that will be paid for through tax increases on the wealthy.

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 to pass seven bills and resolutions that would save about $28.5 billion over 10 years:

H.R. 674, To amend the Internal Revenue Code of 1986 to repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities. SAVINGS: $7 billion over 10 years

H.R. 2576, To amend the Internal Revenue Code of 1986 to modify the calculation of modified adjusted gross income for purposes of determining eligibility for certain healthcare-related programs. SAVINGS: $21.7 billion over 10 years

H.R. 2527, National Baseball Hall of Fame Commemorative Coin Act. COST: $0

H.R. 1904, Southeast Arizona Land Exchange and Conservation Act. COST: Less than $500,000 a year

H.R. 2447, To grant the congressional gold medal to the Montford Point Marines. COST: $0

H.R. 1160, To require the Secretary of the Interior to convey the McKinney Lake National Fish Hatchery to the State of North Carolina. COST: $0

H.R. 320, Distinguished Flying Cross National Memorial at the March Field Air Museum in Riverside, CA. COST: $0

The Senate was not in session.

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