Taxes proposed to pay for pension shortfall
A bill that would attempt to bring the state’s employee pension fund into balance is getting plaudits for its aim, but was panned Tuesday for its plan to pay the cost using two controversial tax proposals.
Del. Roger Manno, D-Montgomery, presented a proposal to the House Appropriations Committee, which would use an extension of the state tax surcharge for incomes above $1 million and a controversial corporate tax proposal known as combined reporting.
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