Raise the US President’s salary to $4.3 million per year

Salary for the President of the USA should be raised to $4.3 million per year.From 1789 to 1909, the Presidential salary was increasing by 0.93% compounded annually, after adjusting for inflation. Extrapolating that trend to the present time indicates that the salary for a US President should now be 2.50 times the level of the 1909 inflation-adjusted Presidential salary — i.e. $4,300,000 per year, when expressed in 2007 dollars. It seems irrational that US Presidential candidates are now expected to spend $100 million
on a campaign to get a 4-year job that pays less than $25 million per year. The US should not treat its highest office as a “loss leader”, like some advertising campaign dreamed up to brainwash the American public.Actually, the US needs to SIMULTANEOUSLY raise the US Presidential salary and lower the personal cost of Presidential campaigns if the goal is to attract problem-solving individuals to serve as the US President. But I am addressing the cost of political campaigns in a different press release.As President, I will request that Congress should raise the salary of the US President to $4.3 million per year, to keep up with the times.Reference data for this Presidential salary adjustment request comes from the Wikipedia article titled “President_of_the_United_States”.

Salary

The First U.S. Congress voted to pay George Washington a salary of $25,000 a year, about $566,000 in 2007 terms. Washington, already a wealthy man, refused to accept his salary; however, he asked for his living expenses to be covered. Theodore Roosevelt spent his entire $50,000 salary on entertaining guests at the White House.[7] John F. Kennedy donated his salary to charities.[8]

Date established Salary Salary in 2007dollars
September 24, 1789 $25,000 $566,000
March 3, 1873 $50,000 $865,000
March 4, 1909 $75,000 $1,714,000
January 19, 1949 $100,000 $875,000
January 20, 1969 $200,000 $1,135,000
January 20, 2001 $400,000 $471,000

Traditionally, the president is the highest-paid public employee. President Bush currently earns $400,000 per year, along with a $50,000 expense account, a $100,000 nontaxable travel account, and $19,000 for entertainment.[12] The president’s salary and total expense account serve as an unofficial cap for all other federal officials’ salaries, such as that of the Chief Justice. The most recent raise in salary was approved by Congress and President Bill Clinton in 1999 and came into force in 2001; prior to the change, the president earned $200,000, plus expense accounts. This was needed because other officials who received annual cost-of-living increases had salaries approaching that of the president, and in order to raise their salaries further, his needed to be raised as well. Monetary compensation for the president is minuscule in comparison to the CEOs of most Fortune 500 companies and comparable to that of certain kinds of professionals, such as attorneys and physicians in some parts of the United States. Overall the vast majority of U.S. presidents were very affluent upon entering office and thus were not dependent on the salary.

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3 Responses

  1. […] Admit it — there was a time when you, too, dreamed of being president, only to come to the grim realization that the pay isn’t commensurate with the work. […]

  2. […] Admit it — there was a time when you, too, dreamed of being president, only to come to the grim realization that the pay isn’t commensurate with the work. […]

  3. It seems irrational that US Presidential candidates are now expected to spend $100 million
    on a campaign to get a 4-year job that pays less than $25 million per year.

    why in fuck sake would wealth acquisition be a primary concern for an individual elected to serve a democratic structure as chief official and head policy maker? Rather than attracting individuals who seek profit and power, wouldn’t you want a position which pays modestly in order to ensure that those who seek it out have a legitimate interest in serving the country rather than filling their pockets?

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