Budget Deal Lowers Maximum Pay For Federal Contractor Employees

[Tx4obama]

Budget Deal Lowers Maximum Pay For Federal Contractor Employees

Buried in the budget deal brokered by Rep. Paul Ryan (R-WI) and Sen. Patty Murray (D-WA) is a provision that dramatically reduces the maximum amount the federal government can pay most civilian and defense contractor employees on an annual basis.

The existing cap is flexible, based on a formula that accounts for the compensation of business executives. Earlier this month, the White House Office of Federal Procurement Policy raised the contractor pay cap from $763,029 to $952,308 for any employee in a given year.

The Ryan-Murray legislation, called the Bipartisan Budget Act, lowers that cap by almost half, to $487,000 -- with "narrowly targeted exceptions" for scientists, engineers and other specialists who are validated by agency heads. It is to be adjusted annually based on the change in the cost of labor.

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http://talkingpointsmemo.com/livewire/budget-deal-slashes-salaries-for-federal-contractors

[davidlikespeace]

1. First thing I can agree with a Republican on

The waste in DHS is astounding, especially when it directly affects how much revenue can go into other social programs. Call me a cynic or a bleeding heart liberal, but I'd rather supply SNAP benefits to poor kids than an extra $150 per hour for an IT consultant in DHS.