Clinton proposes tax break for people caring for relatives

People caring for an elderly parent or other family member could qualify for a tax credit of up to $6,000 under a proposed change to tax laws announced Sunday by Democratic presidential candidate Hillary Clinton.

Presidential candidate Hillary Clinton proposed a new tax break for caregivers.

Clinton has previously proposed a tax credit of $2,500 for an individual or $5,000 for a family to cover high health-care costs and another that would cover some of the expense of attending college. In her plan, Clinton states that the number of Americans needing long-term care is expected to grow from about 12 million today to 27 million by 2050. She also proposed expanding Social Security to reward those who take time out of their careers to act as caregivers for relatives.

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. “And I think we have got to recognize that for many women, this has a very serious impact on the amount of money they then draw from Social Security, in order to take care of themselves”, Clinton said.

A fact sheet provided to reporters said, “As president, Clinton will go beyond President Obama’s Caregiver Respite budget request – investing $100 million in the initiative over 10 years”.

Clinton’s tax proposals seemed “tentative half-steps that sound Republican-lite”, to her leading primary rival, Sen.

All week, Clinton’s and Sanders’s camps traded barbs over middle-class taxes, an issue that Clinton’s campaign believes is a proxy for broader differences between the two candidates.

Clinton has said she is willing to consider the idea but has not committed to scrap the cap, as progressive activists call the plan.

“Hillary Clinton’s commitment to America’s care economy is one more example of her commitment to fight, win, and deliver a better future for working families”. The maximum annual tax benefit would be $1,200, according to her campaign.

The Clinton campaign said the proposal would not add to the national debt over time and would be deficit neutral.

The bill would be paid for by an increase in the payroll tax estimated to cost the average worker about $72 a year – a provision that violates Clinton’s pledge not to raise taxes on the middle class. He also says he sees an improvement from last election cycle concerning the enthusiasm surrounding her campaign.

“LIUNA is proud to endorse Secretary Clinton for president of the United States”.