DEMOCRATIC presidential candidate Hillary Clinton on Sunday, November 22, proposed a new tax credit offsetting up to $6,000 in costs for middle-class families who care for their aging parents or grandparents and disabled family members.
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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.
To address this, Clinton proposed a $6,000 tax credit to cover expenses for Americans who act as caregivers for sick or elderly relatives. In an identical town hall in New Hampshire in Jul., Clinton described what she referred to as a “care-giving crisis” & stated authorities programs need to do more to assist.
The credit would max out at $1,200 for qualifying families each year, according to a fact sheet on the plan, while the Social Security expansion would allow Americans to accrue credit toward their Social Security benefits when they are out of the paid workforce due to caregiving requirements. The tax cuts will be revealed over the next few weeks. “Secretary Clinton’s record proves that she is a tough and tested fighter for our nation and for working men and women”. The plan will be “fully paid for”, she promises, “by limiting certain tax expenditures for high-income taxpayers”.
Among those in the stands were Laurie Reafsnider and her son Codie, who’ve seen the presidential candidate speak on more than one occasion.
“The low wages in these jobs lead to high turnover and limited training, creating care systems that do not work for the families depending on care or the workers who provide it”. She announced her new plan to invest in the “Caring Economy” by cutting Middle Class taxes, expanding Social Security and building on Obama’s Caregiver Respite program.
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.
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Home care providers are just the latest group Hillary has argued deserved tax relief. She has accused Sanders of promoting programs that she says would raise taxes on middle-class families, including his plan for a single-payer health system based on Medicare. Given that families pay more than $100 billion annually in out-of-pocket caregiving expenses, the study explores how policy changes could expand the role of such insurance in the financing of long-term services and support. This summer, Clinton hosted a roundtable with home health-care workers represented by the Service Employees global Union, promising to focus on the often overlooked vocation.
