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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.

What’s your opinion? Comment below. 

Tuesday, WWJ opened up our Listener Line to find out what you think about Snyder’s plan. 

LISTEN:

Comments

One Comment

  1. bpaden says:

    Governor Snyder has to balance the budget which means cuts and taxes. I am curious why Governor Snyder is only planning to tax private pension funds and not all pension funds?

  2. BILL says:

    I HAVE A HARD TIME PAYING MY HIGH PROPERTY TAXES IN THIS STATE NOW AND TO ADD MORE TAX ON TOP OF HIGH FOOD PRICES, GAS PRICES, HIGH UTILITY BILLS, NO INTEREST ON SAVING., IS GOING TO BE UNBEARABLE! OUR FAMILY MAY HAVE TO MOVE OUT OF THIS STATE TO ANOTHER STATE THAT HAS LOWER PROPERTY TAXES AND AND CARES MORE ABOUT THE PEOPLE,AND NOT LIE ABOUT RAISING TAXES,..BECAUSE WE WON’T BE ABLE TO AFFORD TO LIVE IN MICHIGAN.
    WE WILL NOT SUPPORT THIS NIGHTMARE FOR THE SENIORS IN MICHIGAN.
    PEOPLE ARE MOVING OUT OF THIS STATE NOW, DON’T MAKE OUR SENIORS
    LEAVE THIS STATE, FOR A STATE THAT CARES AND HAS A FAIR TAX BASE.
    DON’T KILL US WITH TAXXXXX!!!!!!

    1. john says:

      I am with you Bill 110% this is a rotten move , I just retired from an auto plant after 30 yrs , and only to find out 30yrs means nothing ,I worked hard on the line , I had been laid off for 4 and a half yrs in between , no gov helped me to find a job !!

  3. Tom B says:

    Thanks govenor this tax will only run more retirees out of the state.Just another bad idea for a state already in trouble. I hope you get enough retiiree votes on your next champaign.

  4. Joe Mc says:

    This is stabbing people with fixed incomes in the back while rewading businesses that continue to outsource jobs.

    Recall Snyder Now

  5. Paul Dolfus says:

    Since he is rich he doesn’t know how elderly people on fixed income struggle to pay for health care and other essentials in life.

  6. Joan Williams says:

    When you voted for Obama union people, you bankrupted our country! Now you and all of us are going to pay the price! We didn’t have a choice in saving the failed GM. Now you thank us by sending all your work to China!!! Some thank you that is. My husband and many more are now closing their plants because of this! When you preach buy American you are only thinking of yourselfs as there are no American cars anymore!! I will never buy a GM car for the rest of my life! You are not royalty! My poor friend is a GM retiree with two beautiful homes and two cadilac’s. She is now moving to avoid having to pay taxes. How funny is that? Buy American they say after we bail them out! Now they are going to bail on us when it comes time to pay the bills!

    1. jeff says:

      we did’nt have a choice in saving the failed banks but that was 10 times the amount, and what exactky is it they produce?

  7. sharon says:

    Mr Snyder is a WONDERFUL person in taking the Governer job and not taking a salary, (not kicking the can anymore (as he said) and doing his part to save Michigan some money, BUT IS HE REALLY, Mr Snyder and his Fellow Business Friends are VERY RICH People and now are going to be RICHER when HE gets RID of the BUSINESS TAX and line their pockets with a HUGE PAY INCREASE (Doing Their PART)!!!!! ( Mainly by selling CHINA products HERE and they don’t have to move to CHINA). It looks like HE KICKED the CAN on the PEOPLE and SENIORS, most of them are VERY POOR with SMALL FIXED PENSIONS (not fixed anymore they are getting smaller) .THANK YOU, MR SNYDER You are very GOOD at solving YOUR MONEY and BUSINESS PROBLEMS, but not HELPING MICHIGAN or the PEOPLE in Michigan.

  8. Miriam McGrath says:

    Northern Michigan towns are enclaves of retirees. These small towns already have 20 plus percent unemployement. Taking money away from senior pensions is like taking the life blood from these towns. No one will be able to pay for services, restaurants etc. Many will leave the State and the towns will literally close up. This Governor (who I voted for) does not get it. I can’t belive what is happening to seniors. I don’t want to leave the State, but leave we will. My husband worked and paid michigan taxes for 50 years and I did for 30 plus, Enough is Enough. Stop trying to kill the old people before their time!! Absolutely disgusted!

  9. BILL says:

    SENIORS ! ! ! If you want to JOIN the MOVE AGAINST SNYDERS ATTACK on MICHIGAN SENIORS and help the seniors get organized and DEFEAT his ideas to ROB the POOR and GIVE to the RICH, get on FACEBOOK, type in the top Search Option (MICHIGAN SENIORS/RETIREES PROTEST TAX ON PENSIONS) This will take you to a facebook site started by seniors, to help you on the PROTEST AGAINST SNYDER !!!!! LETS GET ORGANIZED!!!! LETS DO SOMETHING!!!!! LETS STOP HIM FROM TAXING US!!!!!!

  10. D.W. says:

    I certainly cannot afford anymore costs on me, I have a roof going bad, garage that needs to be replaced, an ex that has to get her payoff of her 50% share in my home, and my well cared for teeth that are falling apart. So, needless to say, the list goes on and on, I can’t afford a tax PERIOD! Living on a fixed income means exactly that..FIXED INCOME! At least when I was working I could volunteer for overtime or something to meet my expenses, I’m barely making it. This is a stupid idea, look elsewhere for money Rick Snyder.

  11. John says:

    I thank God that Rick Snyder did this before my wife and I retired to our property in the UP next year. We would have been devastated if it happened after we sold our home and moved to MI. Snyder’s move may help in the short term; in the long term more and more MI retirees will flee to Florida and Texas! TEXAS HERE WE COME!

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