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Retirees Friday Alert

U.S. Senate Seems to Have the Votes to Pass their Shameful Tax Plan

12/01/2017 -

Headlines: U.S. Senate Seems to Have the Votes to Pass their Shameful Tax Plan; Alliance Pension Seminar Wraps up Today; Sen. Marco Rubio: GOP will cut Social Security and Medicare; West Virginia and Maryland/DC Alliance Chapters Hold their Conventions; The Union Edge Brings the Latest in Labor News - Join their Organization Today!

Retirees Friday Alert

House of Representatives Votes to Have Seniors Subsidize the Wealthiest 1%

11/17/2017 -

The U.S. House approved a plan to provide tax breaks to the wealthiest Americans and corporations on Thursday by a vote of 227-205. If H.R.1, the Tax Cuts and Jobs Act, becomes law, the deficit will explode by more than $1.4 trillion and automatic spending cuts will kick in. For starters, there will be a $25 billion cut from Medicare, and more from Medicaid. In addition, eliminating the medical expense deduction will make it harder for families with high medical expenses, many of whom are seniors, to make ends meet.