a:3:{s:16:"field_story_body";a:1:{i:0;a:2:{s:5:"value";s:792:"Retirees in Michigan currently receive a tax exemption on public pensions and up to $45,120 for each individual from private pensions, 401(k)s and IRAs.&nbsp; Governor Snyder's budget proposal recommends imposing taxes on these pensions beginning in October to help offset a $1.7 billion cut in business taxes.&nbsp; But Senate Republicans have come up with an alternate proposal that would eliminate the need to tax pensions and, instead, raise the money in other ways.&nbsp; Read the full story at:&nbsp; <a href="http://www.lansingstatejournal.com/article/20110326/NEWS04/103260322/Senate-GOP-offers-alternative-Michigan-tax-plan?odyssey=tab|mostpopular|text|FRONTPAGE">www.lansingstatejournal.com/article/20110326/NEWS04/103260322/Senate-GOP-offers-alternative-Michigan-tax-plan</a><br />";s:6:"format";s:1:"2";}}s:17:"field_story_image";a:1:{i:0;N;}s:12:"field_weight";a:1:{i:0;a:1:{s:5:"value";s:2:"46";}}}