Noting that the Senate and the Administration have yet to enact a plan to avert the damaging consequences of sequestration, U.S. Representatives Charles F. Bass (R-NH-02), Robert Dold (R-IL-10.) and Jim Matheson (D-UT-02) are introducing a bill that will reduce the salaries of the President, Vice President, and Members of Congress if sequestration takes effect in January.
The Member Pay Reduction and Responsibility Act will reduce the salaries of the President, Vice President, Senators, and Members of Congress by an amount equal to the percentage reduction in non-exempt, non-defense discretionary spending, projected by the Office of Management and Budget to be 8.2 percent, if the sequester moves forward on January 2, 2013. As the Office of Management and Budget stated in their recent report, few areas of the federal budget will be spared from the cuts -- except for the salaries of the President, Vice President, Senators, and Members of Congress.
"I believe that we must work together to move our country forward and solve the challenges facing our nation. That is why I have voted for a bipartisan budget solution and reached across the aisle to find common ground," said Dold. "If sequestration were to go into effect, then Members of Congress should face the same consequences that our men and women in uniform will face. I believe that this is the right thing to do and I urge my colleagues to come together to address the looming fiscal cliff so that sequestration can be avoided."
Dold was one of eight Republicans and Democrats to cosponsor the only bipartisan budget plan earlier this year, modeled after the Simpson-Bowles Commission's recommendations, which would reduce the deficit by $4 trillion over 10 years through a combination of comprehensive tax reform and responsible spending reductions. The plan would have also eliminated the automatic across-the-board cuts under sequestration.
The President and Senate Leadership have yet to offer a plan to avert sequestration.