Asked at her weekly press conference whether it’s right for Congress to give itself a pay raise, and falling in line with socialist New York Rep. Alexandria Ocasio-Cortez (AOC) who tweeted Tuesday that she needs more than her $174,000 congressional salary, Democrat House Speaker Nancy Pelosi said, “It’s not a pay raise. It’s a COLA increase. And whether that comes to be, I don’t know.”
Said AOC: “There’s so much pressure to turn to lobbying firms and to cash in on members’ service after people leave because of precisely of this issue … Members of Congress, retail workers, everybody should get cost-of-living increases to account for the changes in our economy, and then when we don’t do that, it only increases the pressure on members to exploit loopholes like insider trading loopholes to make it on the backend … it’s not even like a raise, it’s a cost of living adjustment.”
Like other members of Congress, AOC receives $174,000, or $14,500 a month. Mrs. Pelosi is paid $223,500, and House and Senate majority and minority leaders are paid $193,400.
We don’t begrudge a COLA or pay increase, but is a $4,900 raise justified? Has Congress accomplished anything to warrant that?