Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

JPZenger

(6,819 posts)
2. Slashing pension payments to pay for corporate tax cuts and election year goodies
Tue Feb 4, 2014, 04:27 PM
Feb 2014

Corbett proposes to reduce the state's share of pension contributions from 16 percent of payroll to about 2.3 percent for State Employee Retirement System in 2014-15. He would cut the state's and school district's share of State Teacher's Retirement System contribution from about 17 percent of payroll to about 2.3 percent.

http://www.mcall.com/news/nationworld/pennsylvania/mc-pa-corbett-budget-proposal-0204-20140204,0,6894453.story#ixzz2sO1SYsSt

I can understand some adjustments to avoid huge scheduled increases in pension payments, but Corbett is proposing to slash what is already being paid.

The following link shows how additional revenue could be easily generated to fund public education, without slashing pension payments and without increasing income taxes. For instance, PA is the only state that does not tax cigars and chewing tobacco. It just makes sense to tax things that kill people.

http://www.pahouse.com/HACD/series/2773/REV_Corbett_Corporate_Favors_FF_Update_012414.pdf

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Region Forums»Pennsylvania»Here's the low-lights of ...»Reply #2