Monday, November 27, 2017

Tax Reform Tele-Town Hall

Do you have questions about the impact of proposed tax reform currently being considered by the U.S. Senate? If so, we encourage you and your members to join AARP for a toll-free Tele-Town Hall this Thursday, November 30th at 3:00pm Alaska time. Dial 877-209-3531, it's toll-free and no PIN is required.

During the session, you'll hear about the status of the legislation that the Senate is poised to vote on this week, AARP's views, and how you and your members can help address concerns. The Tele-Town Hall will feature AARP President Eric Schneidewind, Director of Financial Security and Consumer Affairs Cristina Martin-Firvida, and Office of Community Engagement Senior Advisor Nicole Macias. The session is structured as a one-hour Q&A conversation, and you are invited to share your questions and comments during the call.

As background, the House Republicans approved a massive $1.5 trillion tax overhaul package earlier this month that would provide big tax rate cuts to corporations but raise taxes and health care costs for millions of older Americans. The House bill would negatively impact older Americans in a variety of ways, including the elimination of the medical expense deduction that allows taxpayers to deduct out-of-pocket medical and health care expenses that exceed ten percent of their income. The impact of this provision would be a tax increase for millions of older Americans. Nearly three-quarters of the taxpayers who claim this deduction are over 50 years of age, and 70 percent have annual incomes below $75,000 according to AARP's Public Policy Institute.

We encourage you to call 844-859-6718 and urge Senators Murkowski and Sullivan to oppose any bill that could raise taxes for seniors!  We also hope you will watch and share this video explaining the harmful impacts of the tax measure.

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