Executive Salary Act

[AI summary unavailable — showing source text] Executive Salary Act - Amends the Legislative Reorganization Act of 1946 to establish an independent basis for the determination of annual rates of pay for Members of Congress. Stipulates that any bill, resolution, or amendment which makes an adjustment in the rate of pay for such positions shall have as its sole purpose such adjustment. Sets forth a procedure whereby an individual Member may elect not to receive any increase in rate of pay authorized by law. Amends the Internal Revenue Code to exclude from gross, income the amount of any increase in compensation which a Member of Congress and certain Congressional officers elects not to receive and does not in fact receive such compensation.…