He earns $400,000 a year with a $50,000 expense account. While the First Spouse has many responsibilities, the position does not pay a salary. Congress.gov. In 1994, Congress reduced it to 10 years for presidents who entered office after 1997. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, Fact Sheet: Clean Power Plan Proposed Federal Plan. The General Services Administration manages the costs. In 1909, the president’s salary was raised again to $75,000 a year, which today would be $2.1 million a year. Accessed Oct. 18, 2020. Powered and implemented by FactSet Digital Solutions. Congress gave the … font-family: Arial, Helvetica, sans-serif;    var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(po, s); Accessed Oct. 18, 2020. Pelican Publishing Company, Gretna, 2011, O'Reilly, Bill, and Dugard, Martin, Killing Lincoln: The Shocking Assassination that Changed America Forever, Henry Holt and Company, New York, 2011, St. George, Judith "Top Picks," Select "Civilian Employment," Retrieve Data, Select "1948-2020," Select "Go." According to an inflation calculator, that would be about $1.07 million today. The last time Congress chose to increase the president’s salary was in 2001, just before George W. Bush took office. Some First Spouses give up lucrative careers to enter the White House. Herbert Hoover George Bush Harry S Truman As a result, most raises are gifts from an outgoing president to future ones. Congress raised the president’s salary for the first time in 1873, up to $50,000 a year. a:visited { He renegotiated NAFTA and started a trade war by imposing tariffs on imports. Today, President Trump makes the same amount: $400,000. } Library of Congress. for providing this information on presidential salaries based on inflation. Accessed Oct. 18, 2020. As an ex-president, Carter receives $480,000 in FY 2021. a:visited { Theodore Roosevelt Bureau of Labor Statistics. Accessed Oct. 18, 2020. Martin Van Buren body,td,th { Warren G. Harding Accessed Oct. 18, 2020. Take these 6 steps, How to pay for a renovation without using your home equity, Today's mortgage rates remain at yesterday’s historical lows | October 30, 2020, Today's mortgage refinance rates — one rate sees a minor upswing | October 30, 2020. Congress.gov. That doesn’t include a $50,000 “expense allowance,” $100,000 for travel expenses or other entertainment allowances, according to Title 3 of the U.S. Code. Accessed Oct. 18, 2020. Congress sets the salary of the president, but according to Article II of the Constitution, the president's income cannot be changed during the term he was elected to serve in.

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