Climate law and community investment would penalize retirees
The Retired Public Employees Association, which represents the interests of nearly 500,000 state and local government retirees, opposes the June 24 op-ed ‘A ticking climate clock’ on the investment law climate and community. This is not the best way to reduce carbon emissions, not least because it would tax the use of the energy that retirees depend on for their health, safety and quality of life: gasoline and fuel for cook and heat their homes.
New York has some of the highest gasoline taxes in the country. Retirees live on fixed incomes. They can’t afford to pay an extra 55 cents per gallon for gas and 26% for heating oil. Many retirees have health issues that require a warm house in the winter. Renewable energy conversion expenses are not an option.