John Cullerton Suggests Taxing Pensions For Higher-Earning Retirees

03/08/2011 09:24 am ET | Updated May 25, 2011
  • Chicago Sun-Times

The top Senate Democrat Monday suggested taxing retirement income for high-earning senior citizens for the first time to help lower income taxes that were raised in January.

Senate President John Cullerton (D-Chicago) said he would exclude Social Security income and avoid targeting those lower-income seniors who "don't have much of a retirement income."

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