consider raising the annual limit ($3000) on personal income tax capital loss deductions for seniors (65 and over).

Given the market declines of 2000 and thereafter, many individuals took major unavoidable losses in their retirement investments. Currently the Federal Income Tax laws allows individuals to claim long-term capital losses and limits losses to a yearly claimable maximum of $3000 with losses in excess of $3000 noted as carryover into the next tax year. Raising this limit for seniors 65 years of age and over (other conditions may be defined such as income level) would provide additional income which could be used to maintain or improve their standard of living (personal health care expenditures) and potentially allow money to flow to the economy through added discretionary spending income.