State corporate subsidies are double that of pension costs.
Washington Post: It’s easy to cast about for other big pots of money to raid when these kinds of shortfalls arise, and no politician wants to raise taxes. There is, however, another big expense that tends to get overlooked: The tax breaks states already hand out to corporations, on the theory that they won’t stick around without them. In Pennsylvania, they amount to about $3.9 billion per year
Retirees are poor enough to qualify for property tax relief but plenty rich enough to have our pensions cut.
Cook County Treasurer Maria Pappas. Fred, Just noticed on my Cook County tax bill that to qualify for senior freeze, a program for low-income people, the income cut off is $55,000. Isn’t that above the average teacher pension? If a pensioner is living on a pension, his/her income would be considered marginal by these standards. How many more will meet that standard if the 3% revision is upheld?
Stealing from old people.
We live in a state and country whose political leaders and corporations have no problem with stealing from old people. And by old, I mean anyone over the age of 65. Maybe we need a new word, but you know who I’m talking about. And, of course, not just us. But still, us. In Illinois and other states, it means robbing public employee pensions. In Virginia the state legislature just refused to pass
2-2-14 Fred All Week Klonsky | Daily posts from a retired public school teacher
Fred Klonsky | Daily posts from a retired public school teacher who is just looking at the data.: Making pension theft issue one in the 39th State Rep race.Since the start of this election season I have advocated for those who oppose so-called pension reform to find candidates who can primary every Democrat who voted in favor of pension theft. In the the 39th senate district we have Bob Galhotra c