Joshua Sharf, senior fellow in fiscal policy at the Independence Institute, joins Kim to discuss his essay, Proposed Bill Ladles Gravy on Public Pension Retirees. Democrats want to lump all public pension plans together. A bill that will be run in the next session would also provide a $700 refundable tax credit to any retiree who filed the Colorado tax return. This is an attempt to mitigate the decrease of benefits that PERA has experienced. This would be paid for by taxpayers & come out of Tabor refunds, making it a tax increase for everyone except for retirees. The burden that PERA puts on taxpayers is already significant. The above measure would only make it worse. Listen to the full interview in the first hour.
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