Clinton spoke to more than 400 people at a town hall meeting here, a one-stop campaign trip to Iowa where she is leading in the three-person race for the Democratic Party’s presidential nomination.
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Pledging to invest in the “caring economy”, Democratic presidential candidate Hillary Rodham Clinton proposed a new tax break for people who are caring for older family members.
To address this, Clinton proposed a $6,000 tax credit to cover expenses for Americans who act as caregivers for sick or elderly relatives. It also would allow caregivers to accrue Social Security retirement benefits for such work.
Clinton’s campaign says she is committed to cutting taxes for the middle class and criticized a few of Sanders’ proposals, such as his health-care plan, saying it would necessitate raising taxes on moderate wage earners. The maximum annual tax benefit would be $1,200, according to her campaign.
“Given the disappearing middle class and massive income and wealth inequality in America today, we clearly have to go a lot further than what Secretary Clinton proposes”, said campaign spokesman Michael Briggs, reeling off Sanders’ ideas on lifting the Social Security cap on taxable income and implementing paid family and medical leave. Essentially, she intends to boost support for care workers and increase funding for a program that offers state-level grants to programs for caregivers, reported the Los Angeles Times.
Perhaps the most important shift for labor was Clinton’s decision to come out against the Trans-Pacific Partnership (TPP), a sweeping Pacific Rim trade deal that President Obama is trying to push through Congress.
Clinton met New Hampshire resident Keith Thompson before a September appearance.
The proposal is part of a series of tax proposals that Clinton plans to roll out in the coming weeks. Both of her primary rivals support reinstating the law known as Glass-Steagall, which once separated commercial and investment banks.
John Forrest says he liked most of what Clinton had to say but added a couple of subjects she did not discuss, including the recent attacks in France and the loss of local manufacturing jobs, will be big factors in the near future. Sanders said, when asked about Clinton’s allegations his proposals would hurt Obamacare and raise taxes on the middle class. “Perhaps she reasons that as upset as the rank and file might be, they would be more upset if a Republican” wins the White House, said Christopher Preble of the Cato Institute in Washington.
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Bernie Sanders has gained ten points on Hillary Clinton in the past month and has seen his own support grow by thirteen points in the latest ABC News/Washington Post poll.
