Washington, D.C. -- Congressman Dave Loebsack announced today that he has introduced legislation that would cut Members of Congress' pay by 10 percent. The bill, the Congressional Halt in Pay Increases (CHIP IN) and Cut Congressional Pay Act, would also repeal the automatic pay increases that currently take place. This legislation builds on the bill Loebsack cosponsored with former Congresswoman Gabby Giffords in the previous Congress.
"In a time when our economy continues to struggle and we face an unsustainable debt, it is more important than ever to hold Members of Congress accountable to the citizens that they represent," said Loebsack "This bill is a simple way to show that Congress is serious about restoring fiscal discipline to reform the pay system that has prevented any cut in Congressional pay since 1933 -- eight decades ago."
Loebsack has consistently called for Members of Congress to have a personal stake in our nation's recovery. In addition to authoring the CHIP IN and Cut Congressional Pay Act, he has previously cosponsored legislation that would tie the eligibility for Members of Congress to draw their pension benefits to their Social Security retirement age. He has also voted multiple times to cut Congressional office budgets.