Showing posts with label Bus Econ pensions. Show all posts

Monday, March 09, 2015

Commissioners oppose state tax breaks for military, first responders, elderly

Commissioners oppose state tax breaks for military, first

responders, elderly

Board says cuts would hurt Carroll's revenue stream

Wiley Hayes, Times Staff Writer March 7, 2015

http://www.carrollcountytimes.com/news/local/ph-cc-commissioners-tax-opposition-20150304,0,3308035.story

The Carroll County Board of Commissioners is unified in

opposition to several proposed tax cuts in the General Assembly that would

affect the retirement incomes of military personnel, first responders, the

elderly, the disabled and property taxes for small business.

Commissioner Richard Rothschild, R-District 4, said there

are three reasons why the board is against the bills.

Concerning the bills that would only affect the military and

law enforcement, the commissioners oppose any tax cut that favors government

employees over the private sector, Rothschild said.

The commissioners also believe the cuts should be introduced

incrementally to lessen the impact they would have on Carroll's revenue stream.

Carroll Co MD Commissioners oppose state tax breaks for military, first responders, elderly http://kevindayhoff.blogspot.com/2015/03/commissioners-oppose-state-tax-breaks.html

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Wednesday, February 23, 2011

The Balance Sheet: Networks Stand with Wisconsin Unions, Ignore $1-3 Trillion Pension Deficit for Five Days

Top Story:

Networks Stand with Wisconsin Unions, Ignore $1-3 Trillion Pension Deficit for Five Days
On sixth night of protest coverage, ABC finally notes government pensions underfunded by at least $1,000 billion.

Commentary:

The Sanctity of Contracts? Seriously?Rather than parroting union outrage over broken contracts, media should remind public of GM bail-out.

Media Won't Budge on Ridiculous Size of BudgetProtecting NPR, PBS behind media agenda to keep Washington spending high.

Visit our website today!

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Wednesday, August 25, 2010

Bob Ehrlich for Maryland: Pledging Support for Military Retiree Tax Credit

Pledging Support for Military Retiree Tax Credit

August 24th, 2010

http://www.bobehrlich.com/2010/08/pledging-support-for-military-retiree-tax-credit/

Initiative will benefit 50,000 military families and boost Maryland’s economy

[Related: See my column - February 8, 2006

Why Tax Military Pensions?

Kevin E. Dayhoff http://www.thetentacle.com/ShowArticle.cfm?mydocid=1470

In his State of the State address, Gov. Robert L. Ehrlich mentioned an important legislative proposal to “exempt from state taxes military retirement income earned by those with two decades of service.”]

ELLICOTT CITY- As part of his plan to get Maryland’s economy working again, Bob Ehrlich today pledged that he will introduce legislation to exempt 100 percent of military pension income for qualified military retirees in Maryland. His plan will help boost Maryland’s economy by attracting military retirees to the state and will provide real tax relief for nearly 50,000 veterans and their families currently living in Maryland.

“Restoring the economy will be my first priority as Governor,” said Ehrlich. “To reach that goal, we need to make Maryland a place military retirees and their families want to call home. This veterans tax credit is good economic policy and a great way to thank our service men and women for their service to the country. Military veterans and retirees are exactly the type of highly-trained, skilled workers that Maryland needs to support the ongoing development of our technology-driven economy.”

A state Task Force on Military Retirees found in 2003 that retired military personnel households spent over $2.5 billion on goods and services in Maryland, generating nearly $100 million in sales and real estate tax revenues.

Ehrlich pledged to work with the General Assembly to exempt military pensions for service men and women with over 20 years services from Maryland income taxes. The credit would be phased in by 20% per year for 5 years and the cost of the credit would be offset by savings in Governor Ehrlich’s budget.

Currently, military retirees are exempt from Maryland income tax only on the first $5,000 of their retirement income. In addition, military retirees who are over the age of 65, totally disabled, or who have a spouse who is totally disabled receive an additional subtraction. http://www.bobehrlich.com/2010/08/pledging-support-for-military-retiree-tax-credit/

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Tuesday, August 17, 2010

Why Public Employees Are the New Welfare Queens

CITIZEN COHN

Why Public Employees Are the New Welfare Queens

http://www.tnr.com/blog/jonathan-cohn/76884/why-your-fireman-has-better-pension-you

Jonathan Cohn
August 8, 2010 | 11:56 pm
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Cohn: How Bush Failed New Orleans Well After the Water Dried

Eliabeth Warren, the New Sheriff?

It's New Orleans Week on CITIZEN COHN. First Up: The Three Most Pressing Questions Facing the City...

This is an item about why your local fireman or teacher has such a nice retirement package, why you probably don’t, and the way conservatives are using that contrast to advance their broader economic agenda.

Friday’s New York Times had a column about the “coming class war,” focusing on the fact that retirement packages for public employees seem to be a lot more generous than the ones for private employees. This is not a new discussion. Experts and think-tanks have been churning out research on the topic for years. But, thanks in part to the recession, the pension gap has become a major political controversy.

Conservatives say that excessive public employee pensions exemplify the greed of unions (which sought these generous benefits for public employees) and inefficiency of government (which agreed to pay them). If local and state governments are struggling financially, these conservatives say, they should figure out some way to reduce or revoke those promised benefits, rather than come to Washington and beg for help from the taxpayers.

The Senate Republican Policy Committee sums up the right’s mantra succinctly: “No state bailouts should be contemplated until the wages and pensions of public sector employees are brought into line.” Translation: You shouldn't have to give up another cent of your taxes until government stops paying its bureaucrats so damn much... http://www.tnr.com/blog/jonathan-cohn/76884/why-your-fireman-has-better-pension-you