Earlier than my election to the U.S. Senate final 12 months, I spent 37 years constructing a enterprise in my hometown of Jasper, Indiana. Since taking workplace, I’ve discovered one factor abundantly clear: Primary Avenue works and Washington is totally dysfunctional.
On Friday, the federal government may shut down once more as a result of Congress can’t discover a resolution to deal with the humanitarian and safety disaster on our southern border. That’s why this week I’m introducing my Finish Pensions in Congress (EPIC) Act.
This laws is just like my, “No Finances, No Pay” proposal which might bar Congress from getting paid in the event that they fail to move a funds on time. It’s absurd that Congress continues to reward itself for its inaction, which might by no means fly within the non-public sector.
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As pensions proceed to be phased out in favor of 401(okay) and different financial savings plans for American staff, a whole bunch of congressmen and senators nonetheless obtain an annual taxpayer-funded pension.
For instance, profession politician Nancy Pelosi has been in Congress for 33 years and if she had been to retire right this moment, she would qualify for a six-figure taxpayer-funded pension paid annually. These beneficiant congressional perks incentivize political survival over daring management and it’s time we finish this congressional profit for everybody.
Nancy Pelosi has been in Congress for 33 years and if she had been to retire right this moment, she would qualify for a six-figure taxpayer-funded pension paid annually. These beneficiant congressional perks incentivize political survival over daring management and it’s time we finish this congressional profit for everybody.
To make Washington work extra just like the Heartland of America, congressmen and senators ought to depend on their Thrift Financial savings Plan — the federal government equal of a personal sector 401(okay).
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Moreover, I’ll uphold my promise to forgo my congressional pension and if Washington bureaucrats pressure me to simply accept a pension due to their interpretation of the legislation, I pledge to comply with President Trump’s lead and donate each penny of my pension on a quarterly foundation to charities throughout Indiana.
Our job in Congress is to serve the American folks, and never enrich ourselves with particular taxpayer-funded advantages. By ending congressional taxpayer-funded pensions, we’ll take yet one more step towards draining the swamp in Washington.