Hillary Clinton says she would break up ‘big banks’ if needed

Democratic presidential front-runner Hillary Clinton on Sunday is expected to propose a new tax cut for millions of middle-class families caring for ailing parents and grandparents. She also wants to allow caregivers to accrue social security retirement benefits.

Clinton is also proposing a tax credit of $5,000 maximum for families and $2,500 maximum for individuals for those with out-of-pocket health expenses greater than 5% of their income.

“As baby boomers age, more and more families will need to provide care for or will need care from loved ones”, her campaign said. Clinton’s campaign says the plan would cost $10 billion over 10 years and would be paid for through other revenue increases. 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. Her plan promised to “demand a stop to excessive profiteering and marketing by denying tax breaks for direct-to-consumer advertising and demanding that drug companies invest in R&D in exchange for taxpayer support – rather than marketing or excessive profits”. 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. Laying claim to being the only candidate who is a lifelong Democrat, O’Malley accused Sanders of trying to implement socialism and Clinton of being beholden to Wall Street interests. Sanders said, when asked about Clinton’s allegations his proposals would hurt Obamacare and raise taxes on the middle class.

The caregivers credit comes as part of a series of middle-class tax benefits Clinton is beginning to unveil as part of her campaign.

She said she’s laying out how she will pay for all of of her proposals and future proposals as well. 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.

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Clinton has said she supports paid family leave but has not embraced a bill introduced by Kirsten Gillibrand, Clinton’s successor as a senator from NY, that dozens of progressive lawmakers have lined up behind in both chambers of Congress. Bernie Sanders of Vermont and former Maryland Gov. Martin O’Malley.