Democratic presidential candidate Hillary Clinton is proposing a new tax credit for middle-class families providing care for aging parents or grandparents on Sunday at a town hall meeting in Clinton, Iowa. 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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“Caregiving can be a win-win for the family and for our overall health system”, the Clinton campaign said in a white paper.
Clinton focused on on a number of topics and addressed problems that keep many Americans awake at night, like making it possible for families to provide care for loved ones. Sanders said, when asked about Clinton’s allegations his proposals would hurt Obamacare and raise taxes on the middle class.
“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”, Bernie rep Michael Briggs press wrote in a Sunday press release.
More than 400 people packed in to voice their concerns to presidential candidate Hillary Clinton.
“This summer Secretary Clinton met with SEIU home care providers, hearing firsthand the struggles they face to support their families while they provide life enhancing, compassionate care for others”. She previously announced a tax credit of $2,500 for an individual or $5,000 for a family to cover high healthcare costs, as well as another credit that would cover certain college expenses.
The plan would also allow people like Thompson to earn credit toward their Social Security for family caregiving. The credit would apply to 20 percent of those expenses for a maximum tax bill savings of $1,200.
Clinton wants to give care workers “an opportunity to come together and make their voices heard in support of a stronger system”, the campaign said, but a fact sheet stopped short of saying that child-care and elderly-care workers should be more widely unionized.
Both of her primary rivals back reinstating the law known as Glass-Steagall, which once separated commercial and investment banks.
Clinton has mentioned a growing “caregiver crisis” at a number of events across the country, arguing that with Baby Boomers growing older, it will be important for the government to be more proactive in addressing caregiving issues.
The proposal is the latest iteration of a long-time Clinton proposal.
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“I’m going to campaign in Tennessee to try and turn it blue in November 2016”, she said.
