AARP Responds To Senate Economic Stimulus Proposal

Article continues below...

January 2008 -- Washington, DC – Bill Novelli, AARP’s CEO, issued the following statement in response to a federal economic stimulus proposal by Senate Finance Committee Chairman Max Baucus. AARP will host a conference call press briefing today at 1:30 to discuss tonight’s State of the Union address and economic stimulus proposals; see details below.

“Chairman Baucus understands that Americans of all ages are feeling financial pressure and can play a role in stimulating the economy.

“In addition to tax rebates, the Baucus stimulus proposal would help approximately 20 million older Americans who primarily depend on Social Security for retirement income. This plan would also enhance unemployment insurance, which is especially important for older workers who have a more difficult time finding new employment after a job loss.

“The Baucus plan improves on the House proposal in two key ways: it puts money into the hands of people who will more quickly put it back into the economy, and it targets those Americans who need it most. It is more timely, targeted – and fair.

Source: AARP