Clinton proposing tax break for caregivers

Pledging to invest in the “caring economy”, Democratic presidential candidate Hillary Rodham Clinton proposed a new tax break for people who are caring for older family members. The former secretary of state is proposing a tax credit that would defray up to $1,200 in out-of-pocket expenses, as well as changes to the Social Security system to allow credit toward a wage earners monthly benefit at retirement when that person takes time off to care for an elderly relative.

Explaining the reasoning behind the proposal, Brian Fallon, a spokesman for Mrs. Clinton, said, “She has proposed both new spending and targeted tax cuts”. Clinton, who will discuss the proposal at a town hall meeting in Des Moines Sunday, has made family care issues part of her outreach to women & middle-class families. Clinton’s campaign says the plan would cost $10 billion over 10 years and would be paid for through other revenue increases.

The Clinton campaign says 40 million people in the United States provide care for adult family members, with the burden falling in most cases on spouses and adult daughters.

Clinton added that the number of Americans needing long-term care is going to increase from a manageable figure of 12 million today to 27 million within the next three decades, reported Yahoo News.

“I think you have to be honest with your kids and answer their questions sort of in a way that corresponds to their understanding and their age”, said Clinton, 68, herself a mother and grandmother.

“Hillary Clinton has proven she will fight, deliver and win for working families”, SEIU president Mary Kay Henry said in a statement. 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. Clinton has said she is willing to consider the idea but has not committed to scrap the cap, as progressive activists call the plan.

After the former secretary of state said she plans to reveal a comprehensive strategy to tackle the terrorist organization, hosts Kelly Ripa and Michael Strahan turned the conversation to Republican presidential front-runner Donald Trump.

Her main rival, Vermont Senator Bernie Sanders, has deep ties to the labor movement, but he has struggled to gain lasting traction against Clinton.

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

“You know your story is so incredibly moving and it’s also a story for so many people, that’s what I keep finding, everywhere I go”, Clinton told Thompson in a video of the exchange provided by the campaign.

“It’s too late for tentative half-steps that sound Republican-lite.”