Originally posted by JS357
If as the article says, Obama vetoed the bill, then it got to his desk and it can get to Trump's.
But that $400,000 could quickly disappear under the proposed law, which cuts the pension and expense payments by a dollar for every dollar that a former president earns above $400,000. So taxpayers are off the hook entirely once a president earns $800,000 a year.
Given that most former presidents can earn significant incomes from speeches and writing books, it's very possible that the taxpayer support of former executives could become a thing of the past.
But Obama vetoed the legislation, telling Congress that he did so because the bill also would have terminated the salaries and benefits of former presidents' staff, and made it harder for the Secret Service to protect former presidents.
"If the Congress returns the bill having appropriately addressed these concerns, I will sign it," he said. But the legislation never got back to his desk.
I don't have a problem adjusting the ex-President's pension in this manner. The law wouldn't diminish his pension one dollar until his earns an annual income in the top 1% and about 8 times what the median household muddles through on.
EDIT: Of course, to be equitable the same rule should be applied to Congressional pensions.