- WND - http://www.wnd.com -
Obama's paycheck exempt from sequester
Posted By -NO AUTHOR- On 02/25/2013 @ 7:42 pm In Money,Politics,U.S. | No Comments
(CNSNEWS) — President Barack Obama won’t have to worry about his paycheck if the spending sequestration included in the Budget Control Act that he signed into law in 2011 begins taking effect this Friday.
A report published last month by the Congressional Research Service–“Budget Sequestration and Selected Program Exemptions and Special Rules”–identifies certain programs that are exempt from sequestration and lays out special rules that govern the sequestration of others.
Section 255 of the Budget Control Act includes “Compensation for the President” as one of those exemptions (Page 19).
“Most exempt programs are mandatory, and include Social Security and Medicaid; refundable tax credits to individuals; and low-income programs such as the Children’s Health Insurance Program, Supplemental Nutrition Assistance Program, Temporary Assistance for Needy Families, and Supplemental Security Income,” the report states.
Article printed from WND: http://www.wnd.com
URL to article: http://www.wnd.com/2013/02/obamas-paycheck-exempt-from-sequester/
© Copyright 1997-2013. All Rights Reserved. WND.com.