Advocacy / Elder Abuse and Fraud / Taxes

Tell Your Representatives That The Democrats’ Capital Gain Tax Increase Will Hurt America’s Seniors

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President Biden is urging Congress to pass an aggressive capital gains tax hike that will hurt seniors’ retirement income. While his capital gains plan is focused on Americans making over $1 million per year, corporations will adjust their dividend payments to help high income earners avoid taxation, hurting everyday Americans who use dividend income. This shift will not only alter U.S. investments in the stock market, but it will also hurt millions planning on retirement.

The increase in the capital gains rate will decrease the long-term net worth of millions of retirees as they are forced to sell shares while the wealthy can simply borrow against the value of their investments for additional income. Seniors subsidized by dividend income will see less liquid cash come from their investments and instead be forced to reduce their investments putting millions of Americans in a worse financial position for the future.

Please contact your members of Congress to urge them to oppose harming millions of seniors by increasing capital gains. This proposal will ultimately have the opposite outcome of the intended goal to tax the rich.

Click Here to Contact your Members of Congress

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Sam
1 month ago

Please, please, PLEASE get these Democrats off of our collective backs!!!

Steven Jones
1 month ago

Since January 20th, Biden and his “squad” have done more harm to the US than any president since at least FDR. We must reverse the majorities in congress ASAP.

Worthless
1 month ago

Again the democrats could care less about law abiding tax paying citizens. Democrats want to steal your money and kill you because you are standing in the way of destroying America and the ideals we stand for-treat others the way you want to be treated!!!

irene
1 month ago

I sent it but being in the demon rat party who feels they can do anything they want, I do not know how effective it will be. most of the time it is like talking to an alien from another planet, they seem to have lost their connection to the human race. and many have black eyes with no light in them.

Jeannie Huppert
1 month ago

THANK YOU so very much for all the “leg-work” & research you all do to keep us informed of what’s going on. & thank you for composing notes to our congressmen: some of us might not be as nice as you “write” & still get the point across to our “leaders”. As for insults to you: “eat the chicken & throw away the bones.” :)

Mike
1 month ago

Yeah, lets beg our employees to do something for us LOL! That is what AMAC is saying, right? No one has to wear a mask, no one has to get the jab. No one can make you do anything, it’s all about consent.

CRAIG j OTTO
1 month ago

After being with AARP for many years thinking what a wonderful organization and then finding out (to me) that there a LEFTWING group who SUPPORTS DEMOCRATIC IDEOLOGY that FUNDS destructive ways that robs us of our way of life. Over taxation, making sure BIG PHARMA makes EXCESSIVE Dollars, and they just OUTRIGHT LIE to US DAILY. Just retired and finding the challenges that go with it and making the right decisions so that we can have a decent retirement. Our government officials only care about themselves so we need to make sure “WE PUT THE RIGHT PEOPLE for US”!

Steve
1 month ago

I really do see a lot of brainwashed people here!

Steve
1 month ago

These people just love scare tactics. Think about it people. What have these Republicans offered to make life better for the middle class? They don’t want Medicare to negotiate with Big Pharma because they are afraid that their donors won’t make enough money. Trump talked about his health plan and it was coming out. What happened? We never saw it, because they have never had a plan for average working people.

Karen
1 month ago
Reply to  Steve

I already said both parties are worthless. Steve, are you a democrat?

Phil in TX
1 month ago

It is time for all voters to realize that taxes are high enough already. The thing that is needed is control over runaway spending that is driving us inexorably towards bankruptcy. Force government at all levels to live within their means, just like us ordinary citizens must.

Phil in TX

Karen
1 month ago

Unfortunately, every representative where I live are commie Dems. Think I’ll get anything from them? NO, already tried.

Lee Boardman Thackwray
1 month ago
Reply to  Karen

me too 11th of viriginia all commies

Janis
1 month ago

I have tried to talk with my representatives. They pay no attention…they are liberals, so I really have no representation at all. Ohio.

Thomas
1 month ago

Demand term limits for all politicians

MariaRose
1 month ago

I made the effort to contact my representatives but I highly doubt that they will even consider it because they all are on the progressive bandwagon, following AOC. (being capitalists, as it benefits themselves but not a care for the people they represent). I highly doubt that the corporations are going to “accept” higher taxes without passing the cost down to the consumers, plus they have all those lovely tax loopholes to hide the income from taxation. The problem is they don’t want us to realize this and try to twist the story. Hey they voted this problem on themselves.

Steve
1 month ago
Reply to  MariaRose

Don’t you think they should close these loopholes? Why should many of the largest corporations pay nothing. They don’t mention anything about that in this article. Don’t you wonder at all why the middle class and poor have been struggling more in the last 30 years while the wealthy have just taken over. That’s especially true during the Covid crisis.

Dagney Galt
1 month ago

O’biden doesn’t give a tinkers darn about WE THE PEOPLE. The elite seek their elevation at everyone else’s expense. I hope their peer esteem will be sufficient for them. They have NONE, ZIP, ZERO, ZILCH, NADA from the rest of AMERICA and THE WORLD. Everyone sees their treason. You increase cap gains, I’ll not sell. I’ll simply cease operations. No tax, no nothing. I sure as heck am not motivated to give the free spending administration more to spend- on everything but AMERICANS. Btw, you kill me with your DEMPANIC and you will own my death. I’ll testify against you at the last day.

Scott Davis
1 month ago

Tell Biden the Seniors will end him and his presidency if he doesn’t stop being a fool.

Thomas
1 month ago
Reply to  Scott Davis

They want to rid themselves of seniors, that is why the don’t fix SS or Medicare with all there trillions. Give the no more, in fact take it back.

Steve
1 month ago
Reply to  Thomas

You’re looking in the wrong place if you think Republicans are going to make it easier for seniors. They are to concerned about their donors (Big Pharma) making enough money. They already do.

Vivian Duvall
1 month ago
Reply to  Steve

uh no, explain how the Dems lie, cheat, etc. I am just sickened by Washington, no idea how we will get to an honest, respectful country again. Biden and the Obama administration needs to get out of the way…..go HOME!

Janis Jordan
1 month ago

Perhaps government. officials should forfeit their income for a while and let America catch up on their revenue. You think that would ever happen?. Also when your term is over, it’s over. No more payday from the government. Just good old SS retirement. Now think about that!

Gayle
1 month ago

STOP this foolish free hand outs to the ones that are more than capable of working and start giving more to our seniors so they can live better.

MariaRose
1 month ago
Reply to  Gayle

But don’t you hear their insane reasoning, remove all the seniors from existence and more for everyone else, skipping over the main point that funds will dry up if no one is contributing. I guess they are passing the blame for that buck down to future generations to fix.

Judy Taylor
1 month ago

It’s time to stop the “king” from continuing to hurt Americans!

Carole
1 month ago

Tell President Biden to stop taking more of our hard earned retirement. He can use his I’ll- gotten fortune!

Skeet
1 month ago
Reply to  Carole

Resident Biden is not the President.

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