Did You Get Your Money’s Worth From Congress Last Week?

Money's Worth | February 27, 2012

Did you get your Money’s Worth from Congress so far this year? 

The House and Senate were not in session last week. They are back this week, but before they begin, take a look below for a summary of the bills each chamber has passed so far this year that will cut spending. In addition to the legislation below, the House has passed a line item veto bill (see our fact sheet here).

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

So far this year, the House voted to approve two bills that would cut spending:

  • H.R. 3835, To extend the pay limitation for Members of Congress and Federal employees. SAVINGS: Unknown
  • H.R. 1173, Fiscal Responsibility and Retirement Security Act. SAVINGS: $9 million over five years

The Senate has not passed any legislation to cut spending.

Tags:, , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *