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Clinton proposes tax credit for family caregiving costs

More than 400 people packed in to voice their concerns to presidential candidate Hillary Clinton.

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As part of an ongoing rollout of measures aimed at bolstering the middle class, Clinton also has previously proposed tax credits for college costs and large out-of-pocket medical expenses.

She held a town hall meeting at Clinton Middle School.

Apart from the tax breaks, Clinton also proposed to extend additional Social Security benefits to people who have to give up work in order to care for their immediate family.

“I go after not just the banks”, Clinton told the crowd, pledging a tough approach to regulating the industry despite receiving tens of millions of dollars in speaking fees, donations to the Clinton family foundation and campaign cash from Wall Street in her career. She has accused primary rival Sen. The campaign said instead of seeing reduced Social Security benefits at retirement, they should be given credit for the work they are doing at home.

There are about 12 million people in the United States who need long-term care and that number is expected to grow to 27 million by 2050 as the population ages.

“That will help family budgets stretch, it will help seniors maintain independence”, Clinton added, according to Reuters.

The maximum caregiving credit would be $1,200 for qualifying families. Her campaign has pointed to a bill proposed by Sanders in the Senate in 2013 to create a single-payer health care system that would have increased income taxes and payroll taxes to pay for it. As president, a campaign aide said, Clinton “would go even further”, committing a total of $100 million from the federal government over 10 years. “When it comes to boosting middle-class families’ incomes and helping them defray rising costs, she believes it is both appropriate and effective to provide direct relief through the tax code”. Sanders is using a jam-packed, three-day stop in the Palmetto State to try to bolster support among African-American voters, a demographic that he’s losing sharply to Hillary Clinton.

The latest Bloomberg Politics National Poll, taken in the days following the most recent Democratic candidates’ debate and the Paris terror attacks, shows that Clinton enjoys another key advantage over Sanders: A higher percentage of her supporters say they are certain they will vote for her next year, while more of Sanders backers say their minds could change.

In the two months since their encounter, Clinton has mentioned Thompson in almost every major speech – and she speaks frequently about the “caregiver crisis” facing those who look after loved ones full-time without enough financial support.

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Tax breaks are certainly a lot easier to implement as compared to outright spending programs. Clinton’s stance highlights her focus on preserving President Obama’s health-care legacy, while Sanders has offered a proposal that seeks to make good on his promise of bringing a “political revolution”.

Poll: Clinton solidifying support