Sanders camp calls Clinton tax proposals ‘Republican lite’

23 Nov 2015 | Author: | No comments yet »

Clinton Proposes Tax Break for Caregivers.

If you’re caring for an aging parent, deciding whether to invest in rural America or struggling to pay medical bills, Hillary Clinton has a tax credit for you. Hillary Clinton released details on Sunday for a new tax cut to help people care for their aging relatives – a problem, she said, which will only grow as the baby boomer population ages. As the Democratic presidential front-runner rolls out her policy agenda, she has repeatedly turned to the tax code as one of her favorite policy tools. 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.

The current anti-gun New York Governor, his son Andrew Cuomo, was on hand at an event in Manhattan to praise Clinton as the recipient of the inaugural “Mario Cuomo Visionary Award.” The primary message of the event was clear: everyone wants more gun laws, and the only thing stopping their passage are cowardly politicians acting in concert with the NRA. It offers a way to reward behavior she wants to see more of, punish actions that she sees as harmful and directly aid families with particular challenges. 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.

Clinton will also invest $100 million in a grant program that gives caregivers relief from their duties by giving their ailing relative temporary care in a facility outside their home – a program she championed during her tenure in the Senate. Then again, Clinton — who commands 55 percent support among Democratic primary voters, easily outpacing Bernie Sanders (32 percent) and Martin O’Malley (3 percent) — trails all top-tier Republicans in hypothetical 2016 face-offs.

While this problem isn’t necessarily setting the political world on fire in a race where name calling and fear mongering has taken center stage—the rising number of elderly Americans and how to pay for their care, is a very real, looming economic issue. The credit would apply to 20 percent 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 said to the crowd of more than 400 people gathered at a middle school. Pandering to fear in an effort to win restrictions on the freedoms protected by the Constitution is not a sign of character, but a clear indication of blind adherence to a gun control ideology. 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.

About 12 million people currently require long term care, and that number is expected more than double to 27 million in 2050, according to a 2014 report by the Bipartisan Policy Center. After repeating a number of misrepresentations (for instance, Clinton called “gun violence” a “national emergency” when in reality violent crime is at a near all–time low) Clinton added pandering to her repertoire by using the recent terror attacks in Paris as an excuse to further restrict the rights of law-abiding Americans. And the Internal Revenue Service, already sagging under budget cuts and the complex task of administering the Affordable Care Act, would be given even more work. 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. The center also notes that “public and private spending on [longterm care] for the elderly will grow from 1.3 percent of GDP in 2010 to 3 percent of GDP in 2050.

The approach is also a contrast with some Republicans, who propose curbing once-sacred breaks like the mortgage-interest deduction in the name of simplifying the code and lowering tax rates. “When it comes to boosting middle class families’ incomes and helping them defray rising costs, she believes it is both appropriate and effective to provide direct relief through the tax code,” he said. 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. In lauding Clinton, the younger Cuomo quoted his father, saying he believed that “the test of an elected official is determined by the question of their character.” If this is so, Hillary Clinton largely comes up short. 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.

What does she intend to do other than talk about it?” Sanders said, when asked about Clinton’s allegations his proposals would hurt Obamacare and raise taxes on the middle class. Clinton, the most common response has been “dishonest.” Clearly, the American people understand the nature of Hillary Clinton’s “character” and have found it wanting. 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. Sanders’s proposals including expanded Social Security and universal health care. “It’s too late for tentative half-steps that sound Republican-lite,” he said. 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.

The poll also finds that GOP primary voters are somewhat more likely to prioritize having a nominee who can beat the Democrat (78 percent “very” important) than someone who is serious about shrinking government (71 percent “very” important). 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. The Fox News poll is based on landline and cellphone interviews with 1,016 randomly chosen registered voters nationwide and was conducted under the joint direction of Anderson Robbins Research (D) and Shaw & Company Research (R) from November 16-19, 2015.

Sanders’ campaign says that his single-payer health system would save taxpayers money in the long run because it would eliminate wasteful health spending. The ballot tests were split sampled, which means each question was only asked of half the sample and those results have a sampling error of plus or minus 4 percentage points.

Fallon said the campaign will put forth additional proposals to eliminate “corporate loopholes,” and to simplify the tax-filing process for individuals and small business. 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 said she would expand the New Markets Tax Credit, which encourages investment in struggling areas, to be more effective in rural and coal communities. 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. Democrats have long been drawn to tax credits, partly because it’s politically easier to sell a tax cut than a spending program, though they have the same impact on the budget. “It’s a well-worn technique of trying to introduce new programs without hitting the actual spending side of the budget,” said Jared Bernstein, an expert on the budget at the Center for Budget and Policy Priorities. “Almost no spending is going to get through this sort of a Congress.” “Tax expenditures,” meaning provisions that forgo taxes that would otherwise come to the Treasury, now total more than $1 trillion a year. 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.

They put cash in the hands of businesses and individuals and they can be targeted to lower-income Americans, especially if they are refundable, meaning available to people even if they owe no taxes. 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. The Retirement Savings Contribution Credit, in which the government matches middle-income households’ contributions to retirement accounts, also has a low usage rate. 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.

And business breaks are often too small or too tangential for companies to focus on them, said Ryan Ellis, tax-policy director at Americans for Tax Reform, a conservative group. “Most of those little business-y ones, from my experience, they’re really not a priority for businesses to use,” he said.

Our partners
Follow us
Contact us
Our contacts

About this site