The Senate adopted an amendment to the fiscal 2012 defense authorization bill yesterday that would place a $400,000 cap on the annual salaries earned by government defense contractors. The amendment, proposed by Sen. Barbara Boxer (D-Calif.) and backed by senators Chuck Grassley (R-Iowa) and Jay Rockefeller (D-W.Va.), applies to contractors whose salaries are paid by tax dollars. The limit equals the annual salary of the president. “Taxpayers should not be on the hook for exorbitant government contractor salaries. This amendment…
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