Back in September of 2015, Donald Trump said that he would forego the $400,000 yearly salary that the President is paid while holding office. I have not heard him say of late if that is still the case, but I assume it is. He repeated the promise one month later. It would make an incredible statement to a country that has been so hard-hit economically over the last eight years because of Barack Obama’s Marxist policies.
This would be the exact opposite of what both Bill and Hillary Clinton have done. They have parlayed their stature into a fortune worth many, many millions. Trump is already a billionaire, but giving up that salary would still leave a mark. By making such a move, Trump would endear himself to Americans and start his legacy on the right foot.
From the Conservative Tribune:
President-elect Donald Trump proved his dedication to serving the United States of America, even before he was elected its 45th president.
According to The Washington Times, Trump announced that if he were elected president he would not take one dollar of the salary that would accompany the job. Although the comment was made in September 2015, it showed the love and respect for the job that the president-elect had before he even knew he would win the election.
Trump was answering supporters’ questions on Twitter when one user asked him what he would do to minimize student debt and help the homeless and low-income families.
That’s when Trump responded with an astonishing statement.
“As far as the salary is concerned, I won’t take even one dollar,” Trump said. “I am totally giving up my salary if I become president.”
If Trump sticks to his promise, he will join former presidents Herbert Hoover and John F. Kennedy in forgoing the presidential paycheck. Hoover had made his fortune in mining before entering the White House, while Kennedy had family money. Both donated their salary to charity.
The US Code states the president is entitled to receive “compensation in the aggregate amount of $400,000 a year, to be paid monthly, and in addition an expense allowance of $50,000 to assist in defraying expenses relating to or resulting from the discharge of his official duties.”
We will see if Trump sticks to his guns on this. We will know very soon, but I expect he will indeed decline the salary. Trump is currently worth $3.7 billion. However, he did wind up funding his own campaign and that had to be expensive.
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