California’s Delay in Updating Tax Law Puts Retirees in Financial Bind
How could other states amend their tax codes in a timely manner but not California [“Tax Impasse Could Harm Retirees,” Jan. 22]? There was a compelling financial motive--loss of revenue.
Federal law allows workers and retirees more tax-free savings and freedom to move between plans without penalties. By stalling, California has transferred money from taxpayers’ pockets to the state treasury. Does the governor intend to balance the state budget on the backs of retirees?
John Norman
Placentia
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