As one of his first official acts, Gov. Snyder picked the pockets of Michigan retirees by taxing their pensions and retirement savings. He then lined the pockets of his corporate backers by reducing business taxes.
As they say, a leopard can’t change his spots - and Snyder is at it again. Thanks to his hand-picked emergency manager, the pensions of Detroit retirees are now before the federal bankruptcy court.
Can you guess who stands to benefit if Detroiters’ pensions are reduced by the bankruptcy court? That’s right, the Wall Street investment bankers who own Detroit’s other debt stand to get a bit more of their money back if the Detroit retirees’ pensions are slashed.
Another instance of Gov. Snyder picking the pockets of Michigan retirees in order to line the pockets of his corporate backers? You be the judge.
Jay S. Johnson
Rules to silence critics
With regard to the Dec.11 editorial about the IRS seeking tougher rules for advocacy groups reprinted from the New Castle, Pa., News, the only reason for the IRS to propose these rules is to continue to silence critics of large government such as they did prior the last election. After all, smaller government might mean less high paying government jobs including the IRS. Does anyone really believe these rules would be applied equally?