No- Congress can not reduce the salaries of people already in office.
The Presidents salary cannot be increased or decreased at any time during his term. This is to ensure that Congress does not use the Presidents salary as a bargaining tool to influence executive decisions. Constitution Article 2 Section1 Clause 7
Congress approves salary raises. The last raise was from $200,000 to $400,000 for Bill Clinton effective 2001. For additional information : http://en.wikipedia.org/wiki/President_of_the_United_States#Salary
This is because times change and money changes value
US presidents currently get a pension after they leave office. The pension was authorized by Congress and is automatic. It is not an "entitlement" or funded by contributions from the President. It can be reduced or revoked at the will of Congress.
Congress sets the limits for the budget and the President's salary in the United States of America
Pay raises become effective with the next term in office for Congressman. As far as the President is concerned, they can raise his salary anytime they wish.
They get a set salary per month. Congress votes on it and the one they get as well. Some presidents don't take the salary because they don't need it. JFK was one who didn't. The presidents pay for their household items and food. Only state dinners are paid for by the government.
There is a rule that the president's salary can not be changed in the middle of a term.
I believe congress chooses their salary because the value of money changes over time and so if it was just one set salary made by the constitution it would cause the president to make less.
The presidents salary is set by the United States Congress. The President's salary has only been raised once since 1980.
Congress is made up of the House and Senate which gives them responsibility to debate the president's salary, instead of a single person. That would give a single person too much power.
Salary of 400k.