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Larry Hogan on Social Security

 

 


Eliminate all taxes on retirement income

Let's work together to provide relief for Maryland's retirees. We are losing many of our best and brightest citizens to other states simply because they can't afford to stay in Maryland. Once our national economy is fully recovered and we dig out of the state's debt situation, I want to reach the point where we are able to eliminate all taxes on retirement income, just as other states have done.

But, let's get started moving toward that goal right now by passing the Hometown Heroes Act to eliminate income taxes on the pensions of those who have put their lives on the line for us: our retired military, police, fire, and first responders.

And let's work together to protect the integrity of our state pension system, which has an estimated $20 billion unfunded liability by passing the State Retirement Choice Act for the 21st Century Workforce, which contains common sense reforms to pay down our unfunded pension liability and to create a sustainable retirement system for the future.

Source: 2017 State of the State address to Maryland Legislature , Feb 1, 2017

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Page last updated: Jun 03, 2019