Presidential Allowance Modernization Act of 2023

This bill increases annual payments for former U.S. presidents to $200,000 each for an annuity and a monetary allowance, with yearly adjustments tied to Social Security cost-of-living increases. It requires former presidents to disclose tax returns to calculate potential reductions if their income exceeds $400,000 annually. Surviving spouses will receive $100,000 yearly instead of $20,000, with the same inflation adjustments. The changes apply only to future former presidents, not those serving at the bill's enactment.