Repeal of section 1031 like-kind exchanges would hurt small businesses, investment & economic growth https://t.co/UsuNj6VkhC
COGC & ATR Encourage Support For Federal Employee Pay Freeze
Today, the Cost of Government Center and Americans for Tax Reform sent the following letter to the United States House of Representatives, urging members to support Congressman Ron Desantis's bill that would resume the pay freeze for Federal employees, including Congress and Executive branch officials.
We write in support of your bill H.R. 273, which will resume the pay freeze for Federal employees, including Congress and Executive branch officials. We encourage all representatives to vote in support of its passage.
The bill would nullify President Obama’s executive order which lifted a freeze on federal employee’s pay in the midst of the Fiscal Cliff debate and awarded non-merit pay raises. Extending the pay freeze President Obama himself signed into law in 2010 would save $11 billion.
Given that federal spending continues to balloon out of control, Congress should be wary of suspending commonsense cost-savings measures. Millions of Americans remain without work, while the average federal employee enjoys compensation far above typical private-sector jobs. On average, federal workers earn $100,000 each year in total compensation while wages nationally average less than $45,000. A 2012 Congressional Budget Office study found that Federal employees continue to earn 16 percent more than the equivalent private sector employees whose tax dollars pay their salaries.
Currently, the President is arguing the sequester he proposed in the 2011 debt deal would cut too deeply into discretionary spending accounts today. Extending the federal pay freeze, as this bill would do, is an obvious example of ways to achieve painless savings; these kinds of reforms should be commonsense for any lawmaker serious about real fiscal restraint.
Thus, we encourage your colleagues in the House of Representatives to support H.R. 273, your bill which would eliminate the 2013 statutory pay adjustment for federal employees.
Click here to read the full letter.