Effective Jan. 1, 2001, the
salary of the president of the United States was increased to $390,000 per year including a $50,000 expense
account. Any unused amount of the $50,000 expense account is returned to the
increase came as part of the Treasury Department appropriations included in the Consolidated
Appropriations Act 2001 and signed into law by President Clinton on Dec. 21,
"For compensation of the President, including an expense allowance at the
rate of $50,000 per annum as authorized by 3 U.S.C. 102, $390,000: Provided,
That none of the funds made available for official expenses shall be expended
for any other purpose and any unused amount shall revert to the Treasury
pursuant to section 1552 of title 31, United States Code: Provided further,
That none of the funds made available for official expenses shall be
considered as taxable to the President." -- as printed in the
Congressional Record, December 15, 2000 (Vol. 146, No. 155).
A similar increase in
presidential salary was rejected by Congress in 1999.
The salary of the vice
president also increased to $186,300, up from $175,400.
According to the National Taxpayers Union, former President Clinton will
draw an annual pension of around $161,200 and could earn a total record-high
pension of over $7 million, should he live to be 80.
plans are calculated by a formula tied to the salaries of Cabinet Secretaries
and start the day they leave office.
Vice President Gore will
draw an annual pension of around $94,800 under the Congressional pension plan.
The history-making White House Web site of the Clinton-Gore Administration
has been preserved by the National Archives. Learn more about the Welcome
to the White House Web site.