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Credit Stephen Crowley/The New York Times. 1  President Trump, who promised to work for free, donated his salary for the first quarter of the year on Monday to the National Park Service, which, like other government agencies, faces major cuts in the presidentâs first budget proposal.
Jarrett Stepman is an editor for The Daily Signal. Send an email to Jarrett. Republican President-elect Donald Trump announced on â60 Minutesâ Sunday that he would refuse his $400,000 annual presidential salary, and would take just $1 instead. The wealthy businessman turned presidentâs statement caused some consternation from a few pundits who claim that itâs dangerous for a president to refuse compensation.