Congressional Salaries

Petition to Strip Congress Pay During Shutdown Sparks Debate, Concerns

A petition demanding the suspension or reduction of congressional salaries during the government shutdown has gained significant traction, with over 97,000 signatures. The petition argues that lawmakers should not receive pay or benefits while the government is closed, proposing a daily salary reduction. This movement arises due to the fact that while essential workers are working without pay, members of Congress continue to receive their salaries. Several members of Congress from both parties have also supported similar measures, although the likelihood of these changes succeeding is slim.

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Congressman Argues Insider Trading Necessary to Support Families on $174,000 Salary

Facing criticism over congressional stock trading, Speaker Mike Johnson argued that stagnant congressional salaries since 2009, now 31% lower inflation-adjusted, necessitate supplemental income for members to meet the demands of public service. He defended stock trading as a means for these individuals to support their families and maintain financial stability. However, this practice has drawn increased scrutiny amid allegations of insider trading following market fluctuations related to recent tariff announcements. The upcoming May 15th deadline for financial disclosures promises to shed further light on these concerns.

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