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Pension reform, layoffs highlight Corbett budget

Posted: Tuesday, February 5, 2013 12:15 pm

HARRISBURG -– Gov. Tom Corbett today asked the Republican-controlled Legislature for pension reform, transportation investments and a $90 million increase in basic education funding in his 2013-2014 budget.

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  • Luigie posted at 3:49 pm on Tue, Feb 5, 2013.

    Luigie Posts: 1653

    The first thing Corbett would like to do for the budget is to put 900 good jobs on the unemployment rolls which will add people to the food stamp program and the Medicaid Program, of which Corbett cuts every chance he gets. These people will most likely end up in low paying Wall Mart type jobs.

    Then he wants to change the state pension plan to a 401-type plan. We all saw how well 401 plans did in the 2008 crash. A great number of them went bankrupt. The state office of accountability has reported that the present pension plan is growing and will be stable in 7 years.

    Next he wants to lower the corporate income tax for the next 10 years. He has not said by how much. The tax is presently at 9.99%; he must like to pay the limbo game. How low does he wish to go? The state needs revenue not less jobs and a poor retirement system.

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