A Democratic lawmaker wants to slash the paychecks of members by 5 percent, or $8,700 each. Rep. Gabrielle Giffords (Ariz.) on Thursday introduced a measure that would stop members of Congress from receiving an automatic pay raise in 2012. It would also reduce the salaries of lawmakers by 5 percent in the 113th Congress the next time a pay reduction would be possible. The pay cut would save taxpayers about $4.7 million by freezing the base pay of House and Senate lawmakers at $174,000. Majority and minority leaders each make $193,400 per year, and newly elected Speaker John Boehner (R-Ohio) is to receive an annual salary of $223,500. Members of Congress automatically receive a cost-of-living pay adjustment each year unless they vote against it. President Obama signed a bill in May halting Congresss automatic cost-of-living increase for 2011 after it easily passed both the House and Senate. Dem wants to slash member pay - TheHill.com damn good idea. but she should have said they'd work for nothing.