Did You Get Your Money’s Worth From Congress Last Week?
Did you get your Money’s Worth from Congress so far this year?
In addition to the release of the President’s 2013 budget (see CNN Money, Bloomberg, The New York Times, The Wall Street Journal, andThe Washington Post for coverage), The big news on Capitol Hill last week was the passage Friday of a plan to extend the 2011 payroll tax cut for all of 2012 and to make changes to federal unemployment programs. Specifically, according to The Wall Street Journal, the bill expands a “work-sharing” program “that uses unemployment-insurance funds to supplement the paychecks of employees whose hours have been reduced as part of a company’s cost-cutting.” The legislation would also cap unemployment benefits for some recipients at 73 weeks instead of 99. The Journal also says the bill will cost $150 billion through lost revenue and the changes to jobless benefits.
Check below for more of last week’s House and Senate action.
What you paid
Last week taxpayers spent roughly $100 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 weekly budget for all House offices: ($1,446,009/52) x 435 = $2,096,421
Average weekly budget for all Senate offices: ($3,409,093/52) x 100 = $6,555,958
Non-salary money allocated for Congress: $4.656 billion/52 = $89,538,462
What you got
In addition to the payroll tax cut package noted above, the House voted to approve three bills and resolutions that would cost taxpayers $91 million over five years:
H.R. 3408, Protecting Investment in Oil Shale the Next Generation of Environmental, Energy, and Resource Security Act. COST: “Insignificant”
H.R. 3248, To designate the facility of the U.S. Postal Service located at 112 South 5th Street in Saint Charles, MO as the Lance Corporal Drew W. Weaver Post Office Building,. COST: $0
H.R. 3247, To designate the facility of the U.S. Postal Service located at 1100 Town and Country Commons in Chesterfield, MO as the Lance Corporal Matthew P. Pathenos Post Office Building. COST: $0
H.R. 2079, To designate the facility of the U.S. Postal Service located at 10 Main Street in East Rockaway, NY, as the John J. Cook Post Office. COST: $0
In addition to the payroll tax cut package noted above, the Senate confirmed Jesse M. Furman of New York to be U.S. District Court judge and Jose Jordan to be U.S. Circuit Judge for the Eleventh Circuit.