Hong Kong 14 reported that Hayes said, "After the former presidents left office as heads of state, they often enjoyed many opportunities to make money, such as publishing books and joining the board of directors of private enterprises."
He thinks that the plan to cut the budget is imperative. The bill passed by the House of Representatives this time is called the Presidential Allowance Modernization Act, which is currently awaiting approval by the Senate and signed by President Trump.
According to the bill, the federal government will set the maximum allowance for the former president at $200,000 per year, which is $4,000 less than the current figure.
At the same time, however, the bill will set an annual ceiling of $500,000 for the government's expenditure on the former president's office and other related personnel, and the amount will be reduced year by year thereafter. It is reported that the current annual expenditure of the US government on the former president is as high as 2.84 million US dollars.
The reporter from the World Wide Web noted that if the bill is finally implemented, it will affect the allowances of five former US presidents, including Obama, George W. Bush, Clinton, George H.W. Bush and Carter.