The House Oversight Committee backed legislation on May 19th that would limit the expenses paid for former U.S. presidents who make more than $400,000 a year. If an ex-president makes over $600,000 a year, they wouldn't get any federal funds for office expenses or travel at all. Pensions wouldn't be affected, however, and neither would the money spent on Secret Service protection for them and their families. Taxpayers shelled out $3.5 million last year in pensions and benefits for the four living ex-presidents, even though Bill Clinton, like other former presidents before him, has made millions in speaking fees since leaving office. The legislation had bipartisan co-sponsorship by the committee chairman, Republican Rep. Jason Chaffetz of Utah, and its ranking Democrat, Rep. Elijah Cummings of Maryland

What do you think of limiting expenses paid for former presidents who make more than $400,000 a year, and not paying them at all if they make more than $600,000 a year?