Hillary Rodham Clinton is proposing a new tax break for people caring for aging parents and grandparents as part of a series of benefits she is says will help middle-class families.
The Democratic presidential candidate is unveiling her latest proposal on Sunday and plans to discuss it at a town hall-style meeting in Iowa. She is seeking a tax credit of up to $6,000 to offset caregiving expenses for elderly family members.
In her proposal, Clinton states that the number of Americans needing long-term care and support is expected to grow from about 12 million today to 27 million by 2050. She says that family members often have to take time away from work, using vacation time or personal time to provide care.
An outline of her proposal states that “Clinton believes that it is time to give these caregiving families a tax cut.”
The former secretary of state is also seeking to provide additional Social Security benefits to those who spend time out of the workforce to care for immediate family. She wants to enhance support for care workers and increase funding for a program that offers state-level grants to programs for caregivers. Clinton’s campaign says the plan would cost $10 billion over 10 years and would be paid for through other revenue increases.
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