Press Center: News Releases
AARP Responds To Senate Economic Stimulus Proposal
Research Report
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.
AARP
AARP is a nonprofit, nonpartisan membership organization that helps people 50+ have independence, choice and control in ways that are beneficial and affordable to them and society as a whole. AARP does not endorse candidates for public office or make contributions to either political campaigns or candidates. We produce AARP The Magazine, published bimonthly; AARP Bulletin, our monthly newspaper; AARP Segunda Juventud, our bimonthly magazine in Spanish and English; NRTA Live & Learn, our quarterly newsletter for 50 + educators; and our website, www.aarp.org. AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. We have staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.