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The Government Ethics Reform Act of 1989 provides for an automatic increase in salary each year as a cost of living adjustment that reflects the employment cost index. [2] Since 2010 Congress has annually voted not to accept the increase, keeping it at the same nominal amount since 2009.
The Inflation Reduction Act (IRA) passed in 2022, which included allocating billions of dollars towards investments related to renewable energy sources. But the future of such policies remains ...
With a vote of 220 to 207, the U.S. House of Representatives passed the Inflation Reduction Act on Friday. Here's what's in the bill
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022.
The Inflation Reduction Act — which still has plenty of hurdles to overcome ... It “would very slightly increase inflation until 2024 and decrease inflation thereafter," it stated ...
The idea behind this amendment is to reduce corruption in the legislative branch by requiring an election before a congressperson's salary increase takes effect. The public can thus remove members of Congress from office before their salaries increase. [6] It is unclear whether the amendment produced any change in congressional behavior. [7]
Social Security recipients could get an additional $2,400 a year in benefits if a new bill recently introduced to Congress wins approval ... inflation has pushed well above 8%, meaning Social ...
The No Budget, No Pay Act was legislation proposed in the United States Congress providing that members of Congress would receive no salary unless Congress passed a budget by October 1, 2012. Representative Jim Cooper, a Democrat from Tennessee, introduced this bill in the United States House of Representatives. [1] [2]