Featured Quote

In 1913, Henry Ford wrote the following as the directors had been reaping the rewards of profits - "The wages we pay are too small in comparison with our profits. I think we should raise our minimum pay rate".

Wednesday, October 23, 2013

Sharing the Sacrifice Act



Sharing the Sacrifice Act

To repeal the provision of law that provides automatic pay adjustments for Members of Congress, tie congressional compensation to Median Income and make adjustments for smaller government.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. ELIMINATION OF AUTOMATIC PAY ADJUSTMENTS FOR MEMBERS OF CONGRESS.

(a)          In General- Paragraph (2) of section 601(a) of the Legislative Reorganization Act of 1946 (2 U.S.C. 31) is repealed.
(b)          Technical and Conforming Amendments- Section 601(a)(1) of such Act is amended—
(1)          by striking `(a)(1)' and inserting `(a)';
(2)          by redesignating subparagraphs (A), (B), and (C) as paragraphs (1), (2), and (3), respectively; and
(3)          by striking `as adjusted by paragraph (2) of this subsection' and inserting `adjusted as provided by law'.
(c)           Effective Date – This section shall take effect 30 days after the Act is signed into law.


SECTION 2. TYING COMPENSATION TO MEDIAN INCOME.

(a)                   Median Income shall be as calculated by the Congressional Budget Office on a yearly basis.
(b)                   The compensation for all members of Congress shall be tied to the Median Personal Income of the state they represent.
(c)                   Compensation shall be set at 2.5 times the Median Personal Income of the state.
(d)                   Compensation shall be limited to 3 times the National Median Household Income.
(e)                   Effective Date – This Section shall take effect the next fiscal year after the Act is signed into law.

SECTION 3. STAFFING AND STAFF SALARY ADJUSTMENTS.

(a)                   Staff shall be limited to 9 staff members per Representative in the House.
(b)                   Compensation for each staff member of a Representative shall be limited to 1.5 times the Median Personal Income of the state of the Representative.
(c)                   Compensation for each staff member of a Senator shall be limited to 1.5 times the Median Personal Income of the state of the Senator.
(d)                   Total Compensation for a Senator’s staff shall not exceed 15 times the Median Personal Income of the state of the Senator.
(e)                   Effective Date – This Section shall take effect the next fiscal year after the Act is signed into law.

SECTION 4. LEADERSHIP SALARY ADJUSTMENTS.

(a)          Majority and Minority Leaders in the House will be paid 1.15 times the Median salary of all other Representatives – leaving out the other Majority or Minority Leader and the Speaker of the House.
(b)          Majority and Minority Leaders in the Senate will be paid 1.15 times the Median salary of all other Senators – leaving out the other Majority or Minority Leader.
(c)           The Speaker of the House will be paid 1.25 times the Median salary of all other Representatives – leaving out the salaries of Majority and Minority Leaders.
(d)          Effective Date – This Section shall take effect the next fiscal year after the Act is signed into law.