The Democratic front-runner for the 2016 presidential election told a rally in SC that she has the “toughest” proposals for dealing with Wall Street. In 1999, President Clinton – with his First Lady by his side – proposed a package of tax incentives to help pay for long-term care, including a $1,000 tax credit for some family caregivers.
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Clinton put forth her proposal at a meeting in Iowa on Sunday.
“All the time that people take out of paid work to care for a family member can end up putting a big dent in their retirement benefits”, Clinton says.
The cost of her plan would be $10 billion over 10 years, the campaign says.
“I like that she spoke about affordable education”, Laurie said.
The campaign says caregivers can spend thousands of dollars a year, and the Clinton proposal would allow families to offset some of the cost.
During a campaign rally here that drew close to 2,600 people, Sanders touted the bill, which is sponsored by Kirsten Gillibrand, Clintons successor as a senator from NY. The credit would be available to those whose out-of-pocket expenses reach $6,000, with the value of the credit phasing out for upper-income families. Sanders said, when asked about Clinton’s allegations his proposals would hurt Obamacare and raise taxes on the middle class.
Similar to the way the child care tax credit works, the family caregiver credit would work on a sliding scale of income and apply to 20 percent of the expenses, up to $1,200 max. While Clinton’s endorsements have little to do with her trustworthiness or leadership skills, and everything to do with political power within the Democratic Party, Ms. Turner explains in the video exactly why Bernie’s message resonates with her and millions of other Americans.
“Hillary Clinton’s solution to every pressing issue is to expand government and raise taxes, and this plan is no different as it will cost hardworking Americans billions”, said Ninio Fetalvo, Asian Pacific American press secretary at the Republican National Committee.
“That’s why I believe so strongly that we should be cutting taxes for hard- working families, not raising them, and giving more tax breaks to middle-class families and not rich individuals”, Clinton said. Under legislation he previously introduced, his campaign acknowledges that taxes would increase on the middle class, but his aides argue that the overall cost of health care to would be lower because people would no longer pay premiums or deductibles.
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Clinton has said Sanders’ approach would eliminate major pieces of the health care system, including private insurance, Medicaid, the Tricare system for veterans and other coverage. Sanders spokesman Michael Briggs criticized Clinton’s tax proposals Sunday in a statement, calling them “tentative half-steps that sound Republican-lite”.
