Tuesday, April 19, 2011

Sweeney's benefit bill

    I know this is public knowledge, but in case you didn't have time to research it, I'm sending the info on Sweeney's bill to you.

        It is a 7 year phase in and the larger your salary is, the more you will pay for benefits.  People making 29,999 and less will pay 6% of their premium and it will go up to 12% at the fourth year and every year thereafter up to the 7th year.  

    30,000-$49,999 will start at 10% and go to 16% at the fourth year up to the 7th year.

    50,000-$74,999 will start at 13% and go up to 19%
    by the fourth year and remain so up to the 7th

    $75,000-$99,999 will pay 18% year one and go to 27% at the fourth year.

    Salaries $100,000 and up will start at 21% year one and go up to 30% by year four and remain so until year 7.

    This bill will take 7 years and will leave the state budget short by $110,000.  Why should the state budget be balanced on our backs?

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