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Pension Tax Repeal Proposed

A freshmen state representative from Eaton County introduced a bill on the first day of the legislative term Thursday to repeal Michigan’s pension tax.

House Republican Tom Barrett of Potterville says it is fundamentally unfair to tax our retirees in a way that they could not anticipate throughout their working careers.

He says a tax on a person’s pension is an overall loss of funds and in some cases affects people who retired and began collecting pensions before the tax was created.

Governor Rick Snyder signed the pension tax into law in 2011. After his reelection last year, the governor said he had no plans to repeal the tax, adding that the law created a fairer system and it actually helped working seniors, by giving them a tax exclusion up to $40-thousand for a married couple.

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