Good, hard-working Americans shouldn’t be forced to contemplate leaving their chosen profession as they are with federal laws such as Obamacare.
The Michigan Senate has passed a bill that would end pensions for newly-hired public school workers and instead give them 401-k’s.
Most teachers and other public school employees could see more than 10 percent of their paychecks go to retirement costs next school year.
The AARP of Michigan said that it wants the Legislature to repeal the new “unfair and unpopular tax on public and private pensions.”
Scores of seniors upset that the state wants to tax some of their public pensions for the first time packed into the Michigan Supreme Court on Wednesday as lawyers argued whether the new charge is legal.
Many of those attending the rally outside the Coleman A. Young Municipal Center were retirees concerned about the idea of taxing pensions taking root.
As Michigan faces a 1.4 billion dollar deficit, Governor Snyder has proposed taxing pensions, much to the dismay of area senior citizens.
Governor Snyder’s reported proposal to raise revenue by taxing private pensions is not going over very well with retirees.
A new website will enable residents to provide suggestions and recommendations for reinventing the state.
WWJ’s Tim Skubick reports that Governor Snyder wants to tax private pensions, for the first time ever, as part of his budget plan.