That's right, those seniors are already getting a free tax ride and SS benefits. When does the government stop being responsible for everyone living the life of luxury? Let seniors go through their savings and assets and pay their way. Passing money down to children and in 5 years, the seniors get all those government goodies. I've seen it happen.

I guess I need a definition of "too poor". If one is making ends meet and living a lifestyle in a nice community, I don't consider them poor or needing assistance. Many seniors don't pay income tax now and collect their SS benefits and are able to make ends meet. Why are we subsidizing that situation which many of our parents and grandparents lived through without handouts?

Bbb
 

Win, win!

Solution , don't be poor, market equites have produced over 8% over history, $200. a month investment over a working life of 35 years assuming a 6% compounded return you would have over 267 K

Like any bill making its way through Congress, the BBB will likely look very different once it has passed. Being massaged and tweaked, numerous times, by both the House and the Senate, could likely yield a ******* stepchild that does not resemble its original form. Remember, a camel is a horse built by a committee.

Actually, cutting spending is better than raising taxes on anyone including "the rich".

We Deserve a Break, and we're feeling mighty "joyful".

It passed the Senate, going to the House. Looking good for '25!

EXACTLY!!!!

The bill includes a TAX BREAK. It is intended to ease the burden on seniors who are PAYING TAXES. It is not intended to be yet another welfare program or government freebie. If you are paying ZERO TAX, then you don't need TAX RELIEF

That rich , according to the bbbwill still have big tax cuts. Our grandchildren and children who are not rich will still be hurting. May led to more mulitgeneatioal homes. Plus the reports are saying increase in homeless ?hunger?unemployment?poor unaffordable health care. Yep bbb will benfit some the rest.. not happening. For the record it will hurt those born and raised here in the USA.

The "rich"??? Who are they??? Anyone who actually contributes to society by paying taxes, donating to charities, employing others and venturing capital?????

"The reports are saying....."---what "reports"? I think we can all guess the source of that misinformation.

This class warfare rhetoric has to end. The top 5% currently pay 65% of all taxes. And that's "fair"????? Forty-seven % pay no tax----and that's "fair". But by all means let's continue the populist rhetoric that started in 1933 and has only become worse since then.

Amen

Curious, who's too blame for folks being poor?

If you got too much income in year need be taxed instead of using all exemptions lawyers put in so ones with too much get out paying taxes.

Any deduction in taxes is GOOD i don’t care how much or little person makes.

Perhaps we can say “the rich” are those who will put any additional tax breaks into their investment accounts rather than into the economy. Give $1,000 to someone making less than say $100K and it will likely be spent. Give $1,000 to someone making more than $400K and they might not notice if they dropped it on the floor, they certainly aren’t going to spend it in Publix.

It would be interesting to see statistics on the percentage of income the top 5% make. Do the top 5% who pay 65% of taxes also receive 80% of income? Similarly, it would be interesting to see what their effective tax rate is. I looked but wasn’t able to find that in a quick search.

Funny how all sudden worried about debt. About 30 years too late for that ship to sale. All feel good programs ran up debt and they still don’t feel any better. I like how some bean counter predicts 3 plus trillion to debt in 10 years. Nobody can predict what going happen in 10 years let along 4, and we know what 4 years I’m talking about. Until stop the blame game and stop spending more than collected nothing going to change.