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

Money's Worth | March 26, 2012

Budget season rolled on last week with the release of the Republican House’s budget proposal. On Tuesday, Budget Committee Chairman Paul Ryan (R-WI) released his fiscal year 2013 outline. (For more, see our fact sheet here.) The Budget Committee promptly took up and passed the proposal the following day. The full House is expected to vote on the measure this week.  The House also rejected the Senate-passed transportation reauthorization bill on Wednesday, favoring a short-term extension.

Across Capitol Hill, the major work was on the JOBS Act, which would reduce regulations on small business start ups. The chamber passed the bill on Thursday.

For more on last week’s Capitol Hill activity, check below.

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

The House voted to approve four bills and resolutions that would would cut deficits by nearly $46 billion over 10 years:

  • H.R. 5, Medical Malpractice Reform – To improve patient access to health care services and provide improved medical care by reducing the excessive burden the liability system places on the health care delivery system. SAVINGS: $45.5 billion in deficit reduction over 10 years
  • H.R. 886, To require the Secretary of the Treasury to mint coins in commemoration of the 225th anniversary of the establishment of the Nations first Federal law enforcement agency, the United States Marshals Service. COST: Unknown
  • H.R. 2087, To remove restrictions from a parcel of land situated in the Atlantic District, Accomack County, Va. COST: “No significant impact
  • H.R. 665, Excess Federal Building and Property Disposal Act. SAVINGS: $20 million over five years
  • H.R. 3992, To allow otherwise eligible Israeli nationals to receive E-2 nonimmigrant visas if similarly situated United States nationals are eligible for similar nonimmigrant status in Israel.COST: “Insignificant

 

In addition to the JOBS Act, the Senate passed the STOCK Act, a bill that would ban insider trading by members of Congress, by unanimous consent and also confirmed Ronnie Abrams and  David Nuffer to be U.S. District Court judges.

 

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