- Prison Planet.com - http://www.prisonplanet.com -
Obama’s Paycheck Exempted from ‘Sequester’
Posted By admin On February 26, 2013 @ 7:05 am In U.S. News | Comments Disabled
CNS News 
Feb 26, 2013
President Barack Obama won’t have to worry about his paycheck if the spending sequestration included in the Budget Control Act that he signed into law in 2011 begins taking effect this Friday.
A report  published last month by the Congressional Research Service–“Budget Sequestration and Selected Program Exemptions and Special Rules”–identifies certain programs that are exempt from sequestration and lays out special rules that govern the sequestration of others.
Section 255 of the Budget Control Act includes “Compensation for the President” as one of those exemptions (Page 19).
“Most exempt programs are mandatory, and include Social Security and Medicaid; refundable tax credits to individuals; and low-income programs such as the Children’s Health Insurance Program, Supplemental Nutrition Assistance Program, Temporary Assistance for Needy Families, and Supplemental Security Income,” the report  states.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/obama%e2%80%99s-paycheck-exempted-from-%e2%80%98sequester%e2%80%99.html
URLs in this post:
 CNS News: http://cnsnews.com/news/article/obama-s-paycheck-exempted-sequester
 report: http://www.fas.org/sgp/crs/misc/R42050.pdf#page=1
 The Sequester Begins: Even Obama Has Begun Downplaying the Effects: http://www.prisonplanet.com/the-sequester-begins-even-obama-has-begun-downplaying-the-effects.html
 Ron Paul: The Sequester Crisis And What Should Be Done: http://www.prisonplanet.com/ron-paul-the-sequester-crisis-and-what-should-be-done.html
 Fifty-seven Good Things About the Sequester: http://www.prisonplanet.com/fifty-seven-good-things-about-the-sequester.html
 76% of Americans Are Living Paycheck-to-Paycheck: http://www.prisonplanet.com/76-of-americans-are-living-paycheck-to-paycheck.html
 Pentagon considers troop reductions due to cuts from sequester: http://www.prisonplanet.com/pentagon-considers-troop-reductions-due-to-cuts-from-sequester.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.