Senator Barack Obama’s Thoughts On Long Term Care
On September 6th 2008 Barack Obama gave a speech to the AARP Convention. I learned something new that I didn’t see reported by the main stream press so what you to know about it. Not only did Obama address the need for long term care reform but he discussed tax breaks that would affect 7 million seniors.
Obama said…
I’ll make retirement more secure by eliminating income taxes for retirees making less than $50,000 per year. This would completely eliminate income taxes for 7 million seniors. And I will cut taxes - cut taxes - for 95% of all working families in this country. Now is the time to give the middle-class a break.
While this site is not a political journal it makes me feel good that there is someone talking about long term care, the tax burden that our seniors face and wanting to so something about it. Also, in all fairness I did a search on John McCain and long term care and this is what I discovered.
MCCAIN VOTED AGAINST HELP FOR COSTS OF LONG TERM/ HOME CARE:McCain Voted Against A $3,000 Tax Credit To Help Seniors Or Their Families Pay For Long-Term Care. In 2000, McCain voted against an amendment that would increase the general estate tax exemption and provide seniors with long term care needs or their caregivers a $3000 tax credit phased beginning in 2001. The credit would be $1000 the first year and increase in $500 increments each year. Taxpayers with long term care needs, or with spouses or dependents with long term care need would be eligible for the tax credit. The amendment failed 46-51. [HR 8, Vote #193, 7/14/00]McCain Opposed a Measure to Create a New Program for Home and Community-Based Long-Term Care. McCain voted against an amendment that would have created a new program to provide States with funds for home and community-based long-term care services for people with disabilities. [Vote #533, Motion Rejected 45-54, 104th Congress, 1st Session, 10/27/95]

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