Last year, President Obama vetoed a bill that monitored the pensions of former presidents, limiting the amount provided if they received an outside payment of $400,000 or more. At the time, congressional officials had no issue with the veto, allowing it to move forward without an attempt to override.
However, upon learning about Obama’s forthcoming speaking engagement on Wall Street that will earn his a $400,000 paycheck, republicans are looking to reintroduced the vetoed legislation.
On Wednesday, Rep. Jason Chaffetz suggested Obama’s $400,000 check was one of the main reasons the bill should be reintroduced and pensions should be reduced to $200,000 for former president’s who receive large outside paychecks.
In addition, many have accused Obama of hypocrisy for taking money from Wall Street, as he worked to regulate the industry during his time in office. However, a spokesperson for the former president said the payment would not influence or change his stance on the industry. Eric Schultz even revealed that Obama worked towards Wall Street reformation despite receiving donations from Wall Street during his campaign.
“President Obama will deliver speeches from time to time,” Schultz said. “Some of those speeches will be paid, some will be unpaid, and regardless of venue or sponsor, President Obama will be true to his values, his vision, and his record.”