AARP Opposes Senate Tax Bill

[still_one]

Older filers would get few if any tax breaks — and millions would likely see their taxes increase

Under the proposed legislation, more than 5 million taxpayers over 65 would get no tax break whatsoever in 2019, and 5.6 million would not see their taxes decrease by 2027.
AARP announced Thursday that it does not support the current Senate plan to overhaul the U.S. tax code. In a letter to senators ahead of a key vote on the measure, AARP Chief Executive Officer Jo Ann Jenkins said the massive deficit projected over the next decade under the Tax Cuts and Jobs Act would prompt significant cuts to programs vital to older populations, such as Medicare and Medicaid. Moreover, millions of older Americans would see tax increases or no tax relief at all, and millions more could see their health care premiums soar. 
A new analysis by AARP’s Public Policy Institute finds that Americans 65 and older would be hard hit, with 1.2 million of them paying higher taxes in 2019, and 5.2 million facing increases by 2027. More than 5 million taxpayers over 65 would get no tax break whatever in 2019, and 5.6 million would not see their taxes decrease by 2027.
AARP is also against the portion of the tax bill that would repeal the Affordable Care Act requirement that most Americans have health insurance. Eliminating the mandate would leave 13 million additional Americans without health coverage over the next decade, according to Congressional Budget Office estimates. Repealing the mandate would also drive up premiums by roughly 10 percent in the health insurance marketplace; 64-year-olds could see their tabs jump by an average of $1,490 a year. 
“We urge Congress to work in a bipartisan manner to enact tax legislation that better meets the needs of older Americans and the nation, and we stand ready to work with you toward that end,’’ Jenkins says in the letter.

https://www.aarp.org/politics-society/advocacy/info-2017/senate-letter-tax-fd.html?cmp=EMC-DSO-NLC-WBLTR---MCTRL-120117-F1F-2597774&ET_CID=2597774&ET_RID=10516200&mi_u=10516200&mi_ecmp=20171201_WEBLETTER_Member_Control_Winner_251100_391402&encparam=kgKl/n5Gebuu3h46GyJsC/KsufIaB48TTj0XyscbES4%3D

[irisblue]

1. ....late to the party ya'll.

[Wellstone ruled]

2. So friggin agree.

[benld74]

3. Ive used their call number

And FB posted it
Connects you to your Senators by zip code
Of course the gop one never answered

[MaryMagdaline]

4. You reap what you sew old folks

This is your Congress, your President. How do you like your privilege now??? You were just fine with destroying CHIPS. Hope you like your cat food.

Exceptions to all of us who voted the right way

[msongs]

5. and those millenials who sit out elections. nt

[still_one]

6. Ironically those self-identified progressive millenials who refused to vote for the Democratic

nominee, or refused to vote, will be paying the price for that folly in the years to come

[nini]

7. And those who refused to vote for Hillary

and those who sat out all together?

Jesus.. don't generalize like that. The older people I know vote Dem to protect SS and Medicare. They're not 'privieged' or stupid.

[dalton99a]

8. What took them so long?