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Larry Hogan on Social Security

Republican Maryland Governor; possible presidential contender

 


Time to finally pass the Retirement Tax Elimination Act

Our state's sky-high retirement taxes remain the one area where we are still not effectively competing with other states. The time has come for the General Assembly to finally pass the Retirement Tax Elimination Act to eliminate every single penny of state retirement taxes for everyone, so that Marylanders who have spent their lives working and raising a family here, and contributing so much to our state, can afford to retire here in Maryland near their kids and grandkids.
Source: 2022 State of the State Address to Maryland legislature , Feb 2, 2022

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

Other candidates on Social Security: Larry Hogan on other issues:
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