Tags: AARP Probe

House Republicans Seek IRS Probe of AARP

Wednesday, 30 Mar 2011 01:00 PM

 

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WASHINGTON — House Republicans want the IRS to investigate whether AARP's lucrative insurance business violates its status as a tax-exempt organization.

The seniors lobby pushed for President Barack Obama's healthcare law, which Republicans solidly opposed. On Wednesday, three senior GOP lawmakers released a report estimating that AARP could make an added $1 billion over ten years on insurance plans with sales that are likely to pick up under the new law.

The report from Reps. Wally Herger of California, Charles Boustany of Louisiana, and Dave Reichert of Washington found royalties on insurance sales are AARP's biggest source of revenue, far above dues paid by its 40 million members.

An AARP spokesman says support for the healthcare law was "in no way, shape, or form influenced by revenue considerations."

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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