As part of his budget, LePage proposed raising the retirement age for public employees and freezing their cost-of-living adjustments. He also increased the amount that public employees are required to pay into their pension fund from 7.65 percent to 9.65 percent, which constitutes a cut in take-home pay for these employees. However, as Mike Tipping at the Kennebec Journal reported, the change doesn’t apply to LePage’s own compensation
That’s right, Gov. LePage specifically exempted himself from increased pension contributions. Oh, and those increased pension contributions from public workers? Those won’t go toward pensions. They’ll go to pay for tax cuts.
Gov. Rick Snyder (R-MI) has proposed ending his state’s Earned Income Tax Credit, cutting a $600 per child tax credit, and reducing credits for seniors, while also cutting funding for school districts by eight to ten percent. At the same time, as the Michigan League for Human Services found, the state’s business taxes would be reduced by nearly $2 billion, or 86 percent, under Snyder’s plan.
Between these two, it’s like the Republican plan in a nutshell: cut workers’ paychecks, slash school budgets, cut credits for seniors, cut tax credits for working families. But exempt yourself and give billions of dollars in tax breaks to giant corporations.