Clinton pledges billions in middle-class tax cuts
Democratic presidential front-runner Hillary Rodham Clinton is targeting the middle class, promising tax breaks to hardworking Americans while rebuking her top rival, Sen. Bernard Sanders, for proposing policy that will lead to tax increases on the working class.
Mrs. Clinton, speaking at a campaign event in Iowa, proposed a tax break for those who care for aging parents and grandparents, and this month her campaign said it would detail hundreds of billions of dollars in middle-class tax cuts in the coming months.
Mrs. Clinton has pledged not to increase taxes on families earning less than $250,000 a year. For caregivers, Mrs. Clinton is proposing a tax credit up to $1,200 for those with out-of-pocket expenses of more than $6,000.
“It will help families’ budgets stretch. It will help seniors maintain independence,” Mrs. Clinton said.
Last week, Mrs. Clinton’s campaign said Mr. Sanders would raise taxes on the middle class to help pay for his policy prescriptions, most notably his singlepayer health care plan.
Mr. Sanders’ proposal would replace the Affordable Care Act with a singlepayer system in which the government, not private insurers, would pay for health care claims. The Clinton campaign said Mr. Sanders’ plan would lead to a 9 percent tax increase on the average family.
The campaign of the self-avowed socialist from Vermont shot back, saying Mr. Sanders’ proposals would be funded with higher taxes on the wealthy and large corporations.
“He’s raising taxes to pay for relief for middle-income and working people,” Sanders campaign manager Jeff Weaver told reporters after the second Democratic presidential debate.
Mr. Sanders has acknowledged that his plan to offer three months of paid family medical each year will lead to a payroll tax of $1.38 per week for medianwage earners. Although Mrs. Clinton has said she supports family medical leave, he said, she hasn’t introduced any concrete policy plans.
“What is her program? What does she intend to do other than talk about it?” Mr. Sanders told the editorial board at The Des Moines Register. “If she thinks $1.38 a week is just too much to spend, let her explain that to the people of Iowa.”