Search
Login
ASA is the essential resource to cultivate leadership, advance knowledge, and strengthen the skills of those who work with, and on behalf of, older adults.

Text Resize

Statement from American Society on Aging on the Tax Cuts and Jobs Act
posted 11.03.2017

The tax legislation released yesterday by the House Ways and Means Committee, dubbed the “Tax Cuts and Jobs Act,” falls far short of an equitable and economically sensible proposal, and ASA joins numerous national organizations in opposing the bill as presented.

ASA Board Chair Bob Blancato said that the legislation represents “a huge gamble with America’s future—can $1.5 trillion in revenue loss from tax cuts really be offset by a promise of economic growth?” Blancato predicted that future pressure to cut discretionary spending or entitlements would entail “hardships on the part of our members and the older adults they serve” rather than from the corporations and affluent individuals who would mostly benefit from the proposed tax cuts. “The real pain may occur in cuts to Medicare, Medicaid and other safety net programs which will become necessary if economic growth does not occur and all we are faced with is massive losses of revenue from tax cuts,” Blancato said.

ASA joins in a national call to demand more from Congressional leadership of both parties. Americans deserve a tax reform based on a bipartisan agreement where taxpayers in all states are treated fairly and critical social welfare and health care programs have a secure future.

Stay Connected

Follow American Society on Aging on Facebook   Follow American Society on Aging on LinkedIn   Follow American Society on Aging on Twitter   Subscribe eNewsletter   

Events

No upcoming events.

View Full Events Calendar

Jobs

AgeBlog

posted on 11.16.2017

  The tax legislation passed today by a narrow partisan majority in the U.S. House of Representatives, the so-called “Tax Cuts and Jobs...  Read More

posted on 11.08.2017

But when the person is ready to go home, she will find that Medicare Part A won’t cover the stay because she was never formally admitted to the...  Read More