UPDATE: Federal Tax Bill To Be Voted On TODAY. Impacts Could Be Severe.

n4a – Before Thanksgiving, the House of Representatives passed, largely along party lines, a tax reform measure and now the Senate is set to take up that chamber’s version of tax cut legislation as early as tomorrow. Both bills would drive up the federal deficit by $1.5 trillion over 10 years.

As detailed in our November 15 statement, n4a has grave concerns about the tax reform measures given their effect on the federal deficit at a time when our nation is aging rapidly.

The FY 2018 budget resolution, which passed by both chambers this fall and is the mechanism by which tax cuts are moving so quickly, specifically calls for more than $2.5 trillion in cuts to Medicaid, Medicare and other aging programs like the Older Americans Act—in the name of deficit reduction! Republican leaders in Congress and the White House have indicated that legislation to make those cuts is a primary goal for 2018.

n4a believes we should be finding balanced, responsible solutions to our nation’s long-term deficit issues that take into consideration the critical importance of Medicaid, Medicare and other programs that support older adults and caregivers. The tax measures currently speeding through Congress do not meet that standard.

Contact your Representatives and Senators. Reach out NOW with calls, emails, faxed and/or hand-delivered letters to their district offices—with a tweet at the Member for good measure. 

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