"I believe members of Congress should do what other Americans do, purchase their own life insurance," Posey said. "And with so many Americans struggling to make ends meet — mostly because of bad policy coming out of Washington — this taxpayer funded 'gratuity' just adds more insult to injury. It's no wonder Americans have such a low opinion of Congress."
Another co-sponsor, Rep. Virginia Foxx (R-N.C.), said if members of Congress want to provide for their families, they will "need to look somewhere other than this taxpayer-funded perk."
The salary for rank-and-file members of the House is $174,000, but those in leadership positions earn more; House Speaker John Boehner (R-Ohio) is paid $223,500 a year.
Members of the Senate are paid on a similar scale, although Senate Majority Leader Harry Reid (D-Nev.) is paid $193,400 a year — less than Boehner.