BIPARTISAN GROUP OF SENATORS ISSUES STATEMENT ON INCREASE IN FEDERAL CONTRACTOR SALARIES PDF Print E-mail
News Releases - Business, Economy & Finance
Written by Grassley Press   
Friday, 06 December 2013 14:55

Senators Boxer, Manchin, Grassley, Tester Urge Congress to Curb Exorbitant Taxpayer-funded Compensation

Washington, D.C. – A bipartisan group of four U.S. Senators today released the following statement expressing their objections with the newly increased allowable level for taxpayer-funded contractor compensation:

“We are deeply troubled by the December 4 announcement by the Office of Management and Budget that the benchmark compensation cap for Federal Government contractors would automatically increase from $763,029 to $952,308, retroactive to January 2012, as required by statute.  In the interest of fiscal responsibility and fairness, we remain strongly committed to bringing the allowable level of taxpayer-funded contractor compensation to a figure that makes common sense to the American people.  If we do nothing, this figure could rise to $1.6 million by fiscal year 2020.  Congress should pass our bipartisan legislative fix (S.1192) as soon as possible to avoid this affront to the taxpayers in the future.”

The statement was signed by Senators Barbara Boxer (D-CA), Joe Manchin III (D-WV), Chuck Grassley (R-IA), and Jon Tester (D-MT), who have sponsored the Commonsense Contractor Compensation Act of 2013.

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