Impeaching President Trump would cost millions

  • As election midterms roll out today across the country and Robert Mueller’s investigations continue, the possibility of impeachment is still on the table.
  • Impeachment work on President Bill Clinton’s case in 1998 cost $1.2 million.
  • With inflation, the cost of presidential impeachment today could be close to $2 million or more.

Democrats could take over the House as a result of the midterm elections, which raises the possibility of some politicians pursuing impeachment proceedings against President Donald Trump. Allegations by former Trump lawyer Michael Cohen — that candidate Trump directed him to make hush-money payments during the 2016 campaign to cover up affairs — and ongoing investigations by Special Counsel Robert Mueller into people associated with the Trump campaign are adding fuel to the impeachment fire.

Related: President Trump’s Campaign Manager Paul Manafort Guilty of $60M Tax Fraud

In September 2018, Trump tweeted that impeaching him would cause the country to collapse:

It might not cause the country to literally collapse, but an impeachment would cost millions. 

RELATED: Take a look at the Trump family's net worths:

7 PHOTOS
A look at the Trump family's net worths
See Gallery
A look at the Trump family's net worths
U.S. President Donald Trump speaks about the shootings in Alexandria, Virginia, from the White House in Washington, U.S., June 14, 2017. REUTERS/Kevin Lamarque

Melania Trump

Net worth: $50 million

Data via Celebrity Net Worth

Ivanka Trump 

Net worth: $300 million 

Data via Celebrity Net Worth

Jared Kushner 

Net worth: $800 million

Data via Celebrity Net Worth

Tiffany Trump 

Net worth: $10 million

Data via Celebrity Net Worth

Eric Trump 

Net worth: $150 million

Data via Celebrity Net Worth

Donald Trump Jr. 

Net worth: $200 million

Data via Celebrity Net Worth

HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

 

The Cost of a Presidential Impeachment

In 1999, The New York Times reported that five months of impeachment work on former President Bill Clinton’s case cost $1.2 million, according to records from the House Judiciary Committee. Adjusted for the cost of inflation, $1.2 million in 1999 would be equal to about $1.8 million in 2018 dollars, according to the Bureau of Labor Statistic’s consumer price index inflation calculator.

Here’s a breakdown of some of the individual legal costs connected to the Clinton case detailed by the Times:

  • Payments to Chief Republican Investigator David Schippers: as much as $20,000 per month
  • Payments to Democratic counsel Abbe Lowell: as much as $18,000 per month

See: From Assistant to Senior Adviser, Here’s How Much Trump’s Staff Makes

In 2018 dollars, those costs would be:

  • Chief investigator’s monthly salary: $30,179.05
  • Head counsel to represent the president: $27,161.15

Check Out: The 5 Highest- and Lowest-Paying Jobs in Government

Theoretically, in the exact same circumstances today — that is, five months of congressional proceedings — it would cost around $100,000 more to pay the lead investigator and counsel in a presidential impeachment case than it did in 1999, when Bill Clinton’s impeachment trial concluded. Add to that an inflated cost of paying for the work of entire legal teams on both sides, and you have a considerable increase over 1999’s $1.2 million in impeachment costs.

See: Where Your Tax Dollars Actually Go

Click to keep reading about stocks that have soared under Trump’s presidency.

More from GO Banking Rates:  
New $16B Trump Tariffs Mean Pretty Much Everything Could Cost More 
7 Companies That Reinvested in America Following Trump’s Election 
Ways 9/11 Impacted the US Economy

Read Full Story