- By Office of Congressman Tom Reed
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Washington, DC - Congressman Tom Reed highlighted how two 2020 Democratic presidential candidates are partnering with him on a bipartisan, bicameral bill endorsed by the AARP to support family caregivers in New York and across the country.
"How often do you see two Democrat Senators running for President partner with a Republican House Member? 40 Million Americans provide unpaid care to a friend or relative with a long-term illness or medical condition, often juggling this work with other obligations resulting in a significant financial burden," said Reed. "We all care about ensuring our aging loved ones get the assistance they deserve and want to ensure any financial pain put upon caregivers are eased. We are pleased to put partisan labels aside to work together to help people," Tom concluded.
Senators Michael Bennet (D-CO), Shelley Moore Capito (R-WV), and Elizabeth Warren (D-MA) are cosponsoring the bipartisan legislation in the Senate, while Tom and Rep. Linda Sánchez (D-CA) are introducing a similar bill in the House.
"Millions of Americans care for loved ones who are ill or have serious medical conditions, often taking time off of work or juggling work, care, and other family responsibilities. Washington should be fighting for these families, which is why I am calling on Congress to pass this modest tax credit to make life just a little easier for them," said Warren.
"Millions of Americans quietly bear the immense responsibility of caring for loved ones day-in and day-out, with little recognition or financial support – dedicating countless hours of care and covering costs so family members who are aging or otherwise in need of support can live their lives with independence and dignity," said Bennet. "This bipartisan tax credit will help ease the burden of the significant expenses that family caregivers shoulder. We should recognize and support the important work of family caregiving by passing this legislation."
The Credit for Caring Act would provide working family caregivers with a nonrefundable tax credit up to $3,000 to assist with out-of-pocket expenses related to caregiving. This tax credit for caregivers can be used toward expenses such as transportation, home modifications to accommodate a family member, medication management services, and training or education for the caregiver.
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