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12%  
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  • Obama to Give 5% of Salary Back

    04/03/2013 4:18:01 PM PDT · by SkyPilot · 38 replies
    The Weekly Standard ^ | 3 Apr 13 | DANIEL HALPER
    The New York Times reports: President Obama plans to return 5 percent of his salary to the Treasury in solidarity with federal workers who are going to be furloughed as part of the budget cutting process known as sequester, an administration official said Wednesday. The voluntary move would be retroactive to March 1 and apply through the rest of the calendar year, the official said. The White House came up with the 5 percent figure to approximate the level of automatic spending cuts to non-defense federal agencies that took effect that day. Politico adds: "The salary for the president, as...