Trump Will Take No Vacations, $1 Salary As President

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On 60 Minutes last night, Donald Trump addressed a question that several people had been asking: will the billionaire real-estate tycoon and reality television star also take the $400,000 a year salary that Barack Obama and previous Presidents have taken? In 2012, Mitt Romney pledged that he would take no salary if he won, because he was already independently wealthy. He lost though. What would Trump do now that it’s his turn in the Oval Office.

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In an interview that aired Sunday on CBS’s “60 Minutes,” President-Elect Donald Trump told Lesley Stahl that he was going to turn down the presidential salary and will take just $1 a year.

Trump said, “I think I have to by law take $1, so I’ll take $1 a year. I don’t even know what it is. Do you know what the salary is?”

After Stahl told him he would be giving up $400,000 a year, Trump replied, “No, I’m not going to take the salary. I’m not taking it.”

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