Politics | Rick Perry 2012 Perry: Cut Congress Salaries in Half He also wants Supreme Court term limits as part of overhaul plan By John Johnson Posted Nov 15, 2011 12:12 PM CST Copied Texas Gov. Rick Perry waits to speak in Bettendorf, Iowa, on Monday. (AP Photo/Charlie Neibergall) Rick Perry unveiled his plan to "uproot and overhaul" DC today during a speech in Iowa in which he played up the "Washington outsider" theme. Highlights from AP, Politico, and USA Today: Create a "citizen" Congress by cutting the $174,000 salary in half and allowing representatives to have other jobs; salaries would get halved again if the budget is not balanced by 2020 Cut the president's $400,000 salary in half until the budget is balanced Institute 18-year term limits for new Supreme Court justices and federal judges; no more lifetime appointments Freeze and review all federal regulations put in place by President Obama since 2008 Eliminate the Departments of Commerce, Education, and, yes, Energy; privatize Homeland Security; and restructure the EPA Require that any tax increase get a two-thirds majority vote in Congress Jail any congressman or senator who profits in the stock market from insider knowledge Read These Next A space capsule carrying ashes of 160 people crashed in the ocean. A lesson in minding your own business ... at 30,000 feet. The death toll in the Texas floods has risen to 27, including 9 kids. Desperate search for missing campers continues in Texas. Report an error