February 1, 2009 (San Diego) — Congressman Bob Filner has reintroduced the
Fair Taxes for Seniors Act, H.R. 674, which will provide a one-time increase
in the capital gains tax exemption on the sale of a home for citizens who are
50 years of age or more.
"The Fair Taxes for Seniors Act would give many seniors the additional money
they need for nursing home care, medical costs, and other retirement expenses,"
stated Filner, a Democrat whose district includes southern portions of East
County as well as San Diego's South Bay area. "As a result, family members
and, in many cases, the government will be relieved of the burden of caring
for these individuals as they grow older."