Following up on a report released last week, three Republicans on the House Ways and Means committee have sent a letter to the Internal Revenue Service calling for an investigation into the tax-exempt status of AARP.
Authored by Reps. Wally Herger, R- Calif., Dave Reichert, R-Wash., and Charles Boustany, R-La., last week’s report highlighted the fact that though it’s considered a non-profit, roughly 60 percent of its revenue comes from its for-profit insurance business.
The report also estimated that the nation’s largest group for older Americans stands to rake in as much as $166 million in additional revenues by 2014 from selling insurance policies due to the passage of the national health care law it helped to muscle through Congress last year.
Read the full letter from Herger, Reichert, and Boustany, here (PDF).
