Bernie Sanders Talks Income Inequality at Black Churches in South Carolina

23 Nov 2015 | Author: | No comments yet »

Clinton Proposes Tax Break for Caregivers.

The Democratic presidential candidate touted her latest proposal at a town hall-style meeting in this Mississippi River city about 200 miles east of Des Moines. Pledging to invest in the “caring economy,” Hillary Rodham Clinton proposed a new tax break Sunday for people caring for aging parents and grandparents. He lost 40 percent of his savings in individual retirement accounts during the Great Recession, while Clinton has received millions of dollars from the kinds of executives he believes should be in jail. “People knew what they were doing back then, because of greed, and it caused me harm,” said Wittneben, the Democratic chairman in Emmet County, Iowa. “We were raised a certain way here.

In a mostly unnoticed bit of political re-branding, the Clinton campaign has informed the Washington Post to now call her “Hillary Clinton,” instead of the “Hillary Rodham Clinton” moniker she has used since 1993. The credit would apply to 20% of those expenses for a maximum tax bill savings of $1,200. “We need to recognize the value of the work that caregivers give to all of us, both those who are paid and the great number who are unpaid,” Clinton told the crowd of more than 400 people gathered at a middle school. Fairness is a big deal.” Clinton’s windfalls from Wall Street banks and other financial services firms – $3 million in paid speeches and $17 million in campaign contributions over the years – have become a major vulnerability in states with early nomination contests.

The statement came in response to a pair of initiatives put forward by Clinton on Sunday that would benefit people who care for an elderly parent or other family member. Clinton has previously announced a tax credit of $2,500 for an individual or $5,000 for a family to cover high healthcare costs and another credit 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. At a time when liberals are ascendant in the party, many Democrats believe her merely having “represented Wall Street as a senator from New York,” as Clinton reminded viewers in an October debate, is bad enough.

As part of an ongoing rollout of measures aimed at bolstering the middle class, Clinton also has previously proposed tax credits for college costs and large out-of-pocket medical expenses. Though she criticizes the U.S. economy as being “rigged” for the rich, Clinton has lost some support recently from party members who think she would go easy on Wall Street excess if elected. But that feminist stance alienated voters and contributed to Clinton’s losing re-election bid in 1980. “I learned the hard way that some voters in Arkansas were seriously offended by the fact that I kept my maiden name,” she wrote years later in her autobiography. “I don’t have to change my name,” she told one journalist. “I’ve been Mrs. 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.

Assisting adults caring for their aging parents – often while also raising their own children or helping with grandchildren – has become a theme at Clinton’s campaign stops. Even as she promises greater regulation of hedge funds and private equity firms, liberals deride her for refusing to reinstate the Glass-Steagall Act, a law that separated commercial and investment banks until its repeal under President Bill Clinton. (Sanders favors its restoration.) And for many Democrats, her strong support from wealthy donors and a big-money “super PAC” undercuts her increasingly progressive rhetoric on free trade and other economic issues. I kept the professional name Hillary Rodham in my law practice, but now I’m going to be taking a leave of absence from the law firm to campaign full time for Bill and I’ll be Mrs.

Republican National Committee spokesman Fred Brown questioned the cost of the plan. “Hillary Clinton’s solution to every pressing policy issue is to expand government and raise taxes, and this plan is no different as it will cost hardworking Americans billions,” he said. Taxes are shaping up to be a differentiator between Clinton, the front-runner for the Democratic nomination to run in the November 2016 election, and her challengers, U.S.

And even if Clinton sews up the nomination quickly, subdued enthusiasm among the party’s liberal base could complicate efforts to energize Democratic turnout for the general election. They declined to share specific findings from internal polls, but predicted the issue could resonate in Democratic contests in Iowa, Nevada, Ohio and Michigan, where many people have lost homes and businesses to bank foreclosures. Clinton has spoken out forcefully for the concept of paid family leave but not embraced the particular measure because it violates a campaign pledge not to raise taxes on families making less than $250,000. In a statement on Clinton’s tax proposals, Sanders spokesman Michael Briggs said, “It’s too late for tentative half-steps that sound Republican-lite.” My parents had a saying in Spanish – ‘Dime con quién andas y te diré quién eres’ – which means, ‘Tell me who you’re hanging with, and I’ll tell you who you are.’ A lot of my Democratic friends feel that way about Hillary and Wall Street.

Sanders made a similar pitch earlier in the day during a stop in Saint Helena Island, S.C., where he said the bill is widely supported by progressives in Congress, with 20 co-sponsors in the Senate and 113 who have signed on to a similar measure in the House. “That’s a lot,” said Sanders, who then repeated a challenge he has extended to Clinton to join those supporting the legislation, which he said would cost the typical worker $1.39 a week. Sanders’ campaign says that his single-payer health system would save taxpayers money in the long run because it would eliminate wasteful health spending. Kind of like Obama supporting, then opposing and finally endorsing gay marriage was “evolving” not pandering? “The Washington Post asked us if we had a preference,” the aide insisted to Johnson. “We said Hillary Clinton was fine.

Sanders’s stop here Sunday night followed three days on the ground in South Carolina, the first state in the South —where Clinton has a large lead in the polls — to hold a primary election. African Americans are expected to comprise half the Democratic primary electorate next year, and Sanders, by his own admission, is not particularly well known among black voters. Rubin of Goldman Sachs, whom he named his Treasury secretary, and his support for undoing parts of Glass-Steagall have contributed to misgivings about Hillary Clinton. She has proposed imposing risk fees on unwieldy big banks and empowering regulators to break them up if necessary – though this is not the wholesale breakup that Sanders favors under a return of Glass-Steagall.

Yet even though she has taken tough stands in the past, such as chastising banks for widespread foreclosures in 2007 and 2008, some Democrats are skeptical that she would ever crack down hard on the executives in her social circles in Manhattan, the Hamptons and Washington. She was waving the bloody shirt of 9/11 to defend herself, which we’re accustomed to seeing with demagogues on the right, and it just didn’t feel quite right.

Martin O’Malley of Maryland, have argued that big donors inevitably had influence with her, her campaign has pushed back against suggestions that the financial services industry had bankrolled her campaign. Her aides also said ads by a new group, Future 45, attacking Clinton would only underscore her independence, because the group’s major donors include Wall Street magnates like Paul Singer. “When billionaire hedge fund managers are forming super PACs to run ads attacking her, it’s clear they fear she will take action as president to crack down on the industry’s abuses,” said Brian Fallon, a Clinton campaign spokesman. Gonzalez, the Florida superdelegate, and some other undecided Democrats said they viewed Sanders as too hostile to banks and corporations and too divisive in his remarks about American wealth.

Sanders has been criticizing “the corrupt economy symbolized by Wall Street greed” for decades, she said. “He shows righteous indignation and speaks for the common woman and man in saying they have a right to be outraged at Wall Street,” Turner said. “He doesn’t just talk the talk.

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