[The Hill] Millions of senior citizens could see tax increases under the Senate version of the GOP's tax-reform plan, according to an analysis from the AARP.In an article published Wednesday on the group's website, the AARP's vice president and policy director argue that 1 in 5 seniors,
| ...that’s 20% of ‘em... |
| Roughly one in six of one in five... that’s 1/6 x 1/5 or 1/(6x5) = 1/30 or 3% of seniors, unless I got the math wrong. Given that seniors are the wealthiest age group of the American population, AARP is complaining that the group the Left so strongly maligns, “the 1%,” will not benefit from the bill. This is why I send their membership letters back. |
Another issue of concern for older Americans, the AARP says, is the automatic cuts to Medicare and other services under the GOP plan.
"The bottom line is that even today’s 65+ as well as those who turn 65 by 2027 who benefit initially may end up paying higher and ever increasing taxes soon thereafter," the authors write.
"Further, as the result of growing deficits, they may receive reduced value from Medicare or other programs that are central to older Americans’ wellbeing."
The Senate Finance Committee approved the chamber's tax bill earlier this month, and on Tuesday, the Senate Budget Committee advanced the bill on a party-line vote. It will now head to the full Senate floor for a vote.