Relatively Modest Millionaires and Billionaires
In response to the news that Press Secretary Robert Gibbs is leaving the White House to enter the private sector, I sent the following letter to the Chronicle:
re: "Modest pay" vs. "millionaires and billionaires"
In explaining the departure of Press Secretary Robert Gibbs, President Obama remarked that Gibbs has "had a six-year stretch now where basically he’s been going 24/7 with relatively modest pay." An interesting remark, since during the debate regarding the extension of the "Bush tax cuts" for those making over $200,000 per year, the President routinely referred to them as "tax cuts for millionaires and billionaires".
The salary for Robert Gibbs while working at the White House was $172,000 per year. It is interesting that only $18,000 separates "modest pay" from "the richest 2%" and "millionaires and billionaires".
Sincerely,
Dave Smith
Houston, TX




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