Tax Policy Center

Are Tax Credits The Best Way To Subsidize Long-Term Care Costs?

Most major Democratic presidential hopefuls have proposed new government assistance for those receiving long-term supports and services and their families. Mayor Pete Buttigieg has proposed public catastrophic long-term care insurance. Senators Elizabeth Warren and Bernie Sanders would make home-based care a Medicare for All benefit. And former vice president Joe Biden and Sen. Amy Klobuchar would create new tax credits [...]

By |2020-02-03T09:12:03-05:00February 3rd, 2020|long term care reform|0 Comments

A Closer Look At The Democratic Presidential Candidates’ Long-Term Care Plans

Most of the major Democratic presidential hopefuls have proposed ways for government to support frail older adults and their families. But they have chosen three very different models: tax credits; universal government-funded benefits; and public long-term care insurance. Which design makes the most sense? Here’s a first look. Tax credits: Former vice president Joe Biden’s plan includes a $5,000 non-refundable tax [...]

By |2020-01-27T14:42:41-05:00January 27th, 2020|long term care reform|0 Comments

What the GOP Tax Cut Will Mean For Older Adults

Congress is nearing passage of a $1.5 trillion tax cut that would mostly benefit businesses and high-income households. For older adults, the effects are complicated. Some will receive large tax cuts. Some will be no better off and a few will be worse off. But beyond the immediate tax changes in the bill, the measure sets the stage for what [...]

By |2018-02-14T12:43:53-05:00December 15th, 2017|Aging|0 Comments