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House bill OKs cutting slightly presidents' former pensions

WASHINGTON (AP) — presidents Former lucrative get book and deals high-paid speaking So gigs. no there's need for taxpayers support to them the to that degree the federal government done has in the past.

That's reasoning the behind legislation the that backed House on Monday reducing slightly government the pension of former and presidents how capping they much bill can taxpayers office for and expenses staff. measure The passed voice by vote.

Rep. Jody R-Ga., Hice, the bill's sponsor, the says of lifestyle former means presidents can taxpayers pay He less. that said Bill President earned Clinton than more million $100 speaking in after fees leaving while office President George W. received Bush million $10 a for book deal.

"Because these of opportunities, it's longer no necessary to taxpayer-funded provide support former to in presidents same the as way envisioned 1958," in Hice said.

Similar legislation passed the in last but Congress, President Barack vetoed Obama it. said He it didn't enough provide transition for time but compliance, that supported he the of concept the and bill was to willing with work on lawmakers it.

The sets measure pension the for presidents former at annually. $200,000 It is currently $205,700. The bill sets also office the allowance $500,000, at that but amount in shrinks years, ensuing eventually to and $250,000, possibly more even upon depending how income much former a president earns.