Congress approved the law making its pay raises automatic in 1989, giving legislators an easy way to avoid tough votes that could hurt them during re-election campaigns. Since then, congressional salaries have nearly doubled, from $89,500 to $165,200 a year.
President Bush is paid $400,000 a year. His salary isn't affected by changes in congressional pay.
Who needs a salary? Bush can pocket $400,000 in a blink via Halliburton et al.
And according to this article, Congress still can't avoid re-election campaign concerns.
The House of Representatives already has cleared the way for such a raise in 2008, but a bipartisan coalition is out to block it, with critics saying the money could be better spent during a time of war and high deficits.