Tags: biden | salary | obama | hagel

Biden Not Ready to Give Back, Will Keep Salary, For Now

Saturday, 06 Apr 2013 08:24 AM

By Matthew Auerbach

Unlike some other members of the Obama administration, Vice President Joe Biden is holding off on donating a portion of his salary as a gesture to those affected by the sequester, but that could change if and when members of his staff are furloughed, CBS News reports.

“The vice president is committed to sharing the burden of the sequester with his staff,” Biden's office said in a statement issued Friday.

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Biden would be in some high-ranking company if he indeed decides to donate a percentage of his salary to charity or pay back the Treasury.

This week alone, Defense Secretary Chuck Hagel, Secretary of State John Kerry and Obama himself all pledged to return part of their salaries to the U.S. Treasury in a show of solidarity with workers feeling the squeeze of budget cuts.

Secretary of Homeland Security Janet Napolitano, Treasury Secretary Jacob Lew and other cabinet secretaries also promised to do the same.

Biden is the antithesis of the independently wealthy politician.

He and wife Jill Biden reported a combined income of $379,035 in 2011 and his average net worth that same year was approximately $423,000, according to a calculation by the Center for Responsive Politics.

Contrast that with Kerry's net worth, which is estimated to be in excess of $200 million.





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