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Obama proposes lifetime tax relief for seniors plan
Washington experts criticize Barack Obama's plan to exempt seniors earning under 50,000 from federal income tax claiming it primarily benefits asset rich retirees. Campaign says average 1,400 dollar cut for 7 million seniors and simpler returns, while analysts warn about a 50,000 dollar cliff and limited aid for the truly needy.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
Clint Stretch
Deloitte Tax
Obama
Robert Greenstein
Center On
Tax Policy Center
Brookings Institution
The
Urban Institute
AARP
Congress
Ben Harris
Brookings
Bush