Politics
BEVERLY HILLS, CA - JANUARY 13: In this handout photo provided by NBCUniversal,  Former US President Bill Clinton on stage to present during the 70th Annual Golden Globe Awards at the Beverly Hilton Hotel International Ballroom on January 13, 2013 in Beverly Hills, California. (Photo by Paul Drinkwater/NBCUniversal via Getty Images) BEVERLY HILLS, CA - JANUARY 13: In this handout photo provided by NBCUniversal, Former US President Bill Clinton on stage to present during the 70th Annual Golden Globe Awards at the Beverly Hilton Hotel International Ballroom on January 13, 2013 in Beverly Hills, California. (Photo by Paul Drinkwater/NBCUniversal via Getty Images)  

Taxpayers pay for Bill Clinton’s Cinemax, Jimmy Carter’s Dish Network

Alex Pappas and Vince Coglianese
Contributor

On Capitol Hill, some are hoping to stop this sort of government spending, considering how lucrative life can be now for ex-presidents.

Jason Chaffetz, a Republican congressman from Utah, is pushing legislation — called the “Presidential Allowance Modernization Act” — that would eliminate a dollar of taxpayer funding for every dollar an ex-president earns over $400,000 a year.

“Nobody wants our former presidents living the remainder of their lives destitute,” Chaffetz said in February, announcing the bill. “But the fact is none of our former presidents are poor.”

Indeed, George W. Bush earned an estimated $15 million in speaking fees from the time he left office through May of 2011.

By July of 2012, Clinton had made approximately $89 million from paid speeches in his post-presidency.

George H.W. Bush was worth around $23 million in 2011, earned through his years in business and investments.

In 1981, Carter reportedly left office $1 million in debt, but was worth approximately $7 million by 2011, thanks in part to the 14 books he’s written.

Follow Alex and Vince on Twitter