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Biden Bucks Trend, Won't Return Pay For Now

WASHINGTON, DC - APRIL 05: U.S. Vice President Joe Biden addresses the annual conference of the Export-Import Bank April 5, 2013 in Washington, DC. The conference brings together companies from around the world to meet U.S. exporters to learn how foreign buyers of American-made products and services can obtain loans with lower interest rates and long-term financing. Credit: Getty Images

In a show of support for those facing furloughs due to sequestration, several members of the current administration have said they will return a portion of their pay to the Treasury, but not Vice President Joe Biden.

According to Politico, Biden is not yet ready to part with any of his salary, but may if his own staff faces furloughs.

"The vice president is committed to sharing the burden of the sequester with his staff," his office said in a statement Friday. Politico adds:

Several members of the president's Cabinet have said they will cut checks to charities or to the Treasury, though most are wealthier than the vice president. Secretary of State John Kerry's net worth is estimated as being as much as $300 million, while Defense Secretary Chuck Hagel's net worth is estimated to be as much as about $10 million.

Biden's net worth has been reported as less than $1 million. Homeland Security Secretary Janet Napolitano also has a net worth in that range and committed Thursday to give five percent of her salary to charities that benefit department personnel, who are already facing furloughs.

As has been noted elsewhere, Biden has a significantly smaller net worth than many of those who have offered to return money to the Treasury or give it to charity in a sign of support for those facing furloughs because of sequestration.

In 2011 Biden's reported salary was $230,700.


(H/T: Weasel Zippers)

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