Clinton proposes tax break for caregivers Catherine Lucey

Pledging to invest in the “caring economy,” Hillary Rodham Clinton proposed a new tax break Sunday for people caring for aging parents and grandparents.

The Democratic presidential candidate touted her latest proposal at a town hall-style meeting in Iowa Sunday. She is seeking a tax credit to help offset up to $6,000 in caregiving costs for elderly family members. The credit would apply to 20 percent of those expenses for a maximum tax bill savings of $1,200.