Trump promises TAX CREDITS for unpaid family caregivers if elected
10/30/2024 / By Laura Harris
Former President Donald Trump has vowed to provide unpaid family caregivers of sick loved ones with tax credit incentives for them to ease their financial burdens.
According to a recent report from the National Alliance for Caregiving and the American Association of Retired Persons (AARP) study, there were 53 million unpaid family caregivers in the U.S. in 2020, a sharp increase from 43.5 million in 2015.
“Family caregivers are the backbone of our country’s long-term care system, but they are overwhelmed, exhausted and financially strained,” Nancy A. LeaMond, AARP executive vice president and chief advocacy & engagement officer, said in a press release earlier this year. “We urge Congress to pass this legislation in 2024 to help provide relief and put money back in the pockets of caregivers.” (Related: Donald Trump: Kamala Harris would “decimate” Social Security and Medicare if she wins.)
In line with this, Trump announced his plan in a campaign rally on Sunday, Oct. 27 in Madison Square Garden to support a tax credit incentive that would benefit those who care for elderly or ill family members.
“I’m announcing a new policy today that I will support a tax credit for family caregivers who take care of a parent or a loved one. It’s about time that they were recognized, right?” Trump said. “They add so much to our country and are never spoken of – ever, ever, ever – but they’re going to be spoken of now. Thank you all very much.”
Moreover, Trump also included caregivers in his platform found on his website, under the chapter for protecting seniors.
“Republicans will shift resources back to at-home senior care, overturn disincentives that lead to care-worker shortages and support unpaid family caregivers through tax credits and reduced red tape,” the document read.
Credit for Caring Act
Earlier this year, a bipartisan group of United States senators and representatives reintroduced the Credit for Caring Act.
The legislation, long advocated by the AARP, would grant eligible caregivers a federal tax credit of up to $5,000 annually, covering 30 percent of qualified caregiving expenses over $2,000.
This is in response to the concern that over 48 million people are taking on unpaid caregiving duties, spending an average of $7,242 out-of-pocket each year on costs like medical care, home modifications and transportation to support aging and disabled family members. Additionally, 61 percent of these caregivers balance caregiving with a part- or full-time job.
This Senate version of the bill, led by Sen. Michael Bennet (D-CO) and co-sponsored by Sen. Shelley Capito (R-WV), mirrors the House proposal spearheaded by Rep. Mike Carey (R-OH) and Rep. Linda Sanchez (D-CA).
Original co-sponsors also include Senators Elizabeth Warren (D-MA), Susan Collins (R-ME), Maggie Hassan (D-NH) and Lisa Murkowski (R-AK).
Trump is expected to support this bill or a similar bill to ease the burden of many American families.
Read more news related to the former president and his supporters at Trump.news.
Watch this clip from Newsmax featuring Rep. Dan Meuser (R-PA) predicting that Pennsylvania is “ready to turn red in 2024.”
This video is from the NewsClips channel on Brighteon.com.
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big government, caregivers, Donald Trump, elections, family caregivers, finance riot, money supply, pensions, policies, politics, progress, tax credits, tax incentives, unpaid work, Vote Republican, White House
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