Retirees Displeased With Pension Tax Proposal
LANSING (WWJ) – Michigan Governor Rick Snyder’s reported proposal to raise revenue by taxing private pensions is not going over very well with many retirees.
WWJ Newsradio 950 spoke, Wednesday, with John Christie, President of the General Motors Retirees Association. He says the governor is trying to fix the state’s money problems on the backs of its retirees — and that may backfire.
“I think we ought to look at what has happened with the state of Michigan, with our young people over the last few years, moving to all different parts of the country seeking work. Now, do we want another exodus from retirees seeking tax shelters in other parts of the country, also?” Christie said.
Christie said his members have already endured painful cuts to their pensions, and a state tax would add insult to injury.
“So, now for the state to try to balance the budget, on the back of those same retirees with even more taxes, is just unconscionable,” he said.
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Tuesday, WWJ opened up our Listener Line to find out what you think about Snyder’s plan.