AARP Letter to Senate: Tax Legislation Could Spur Significant Cuts to Medicare
On behalf of our members and all Americans age 50 and older,
Most troubling is the negative effect the Tax Cuts and Jobs Act will have on the nation's ability to fund critical priorities. The Tax Cuts and Jobs Act will increase the deficit by approximately
Efforts to restructure all or part of the federal tax system should maintain incentives for health and retirement security. Such incentives are not only important to assist individuals in attaining the security they deserve but are vital to our nation's future economic well-being. The expiration of several of the income tax provisions in 2025, introduction of chained Consumer Price Index to the tax code and, for many filers, the repeal of the state and local tax deduction, would result in little if any tax benefit for many older tax filers, and for others, a tax increase. In fact, the Senate Tax and Jobs Act may not deliver tax cuts that older Americans anticipate, and will likely increase taxes for many. According to the
Although the
For the reasons given,
Sincerely,
Chief Executive Officer
About
For further information: AARP Media Relations, 202-434-2560, [email protected], @AARPMedia
Insurers Increasingly Protect U.S. Businesses and Customers From Cyberattacks and Data Breaches
2017 Atlantic Hurricane Season Was the Busiest Since 2005
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News