The President Triples His Long-Term Care Tax Credit


THE WHITE HOUSE
Office of the Press Secretary


For Immediate Release January 19, 2000



THE PRESIDENT TRIPLES HIS LONG-TERM CARE TAX CREDIT AND
URGES CONGRESS TO PASS A LONG-TERM CARE INITIATIVE IN 2000
January 19, 2000

Today, the Clinton Administration confirmed that the Presidentís budget will include a $3,000 tax credit for people with long-term care needs or their caregivers -- tripling the credit over last yearís proposal and increasing the total investment in long-term care to $28 billion over 10 years. This credit is the centerpiece of the Presidentís historic long-term care initiative that has won praise from senior groups and health policy experts. The initiative tackles the complex problem of long-term care that affects millions of elderly, people with disabilities and families who care people in need. In addition to the (1) tax credit, the initiative will (2) provide funding for services which support family caregivers of older persons; (3) improve equity in Medicaid eligibility for people in home- and community-based settings; (4) encourage partnerships between low-income housing for the elderly and Medicaid; and (5) encourage the purchase of quality private long-term care insurance by Federal employees. This initiative complements the Administrationís effort, spearheaded by the Vice President, to improve the quality of care in nursing homes. The President will commend Congress on giving this initiative serious consideration in the last session and urged it to finish the job this year.

MILLIONS OF AMERICANS HAVE LONG-TERM CARE NEEDS

FINANCIAL AS WELL AS SUPPORT SERVICES ARE NEEDED

PRESIDENTíS LONG-TERM CARE INITIATIVE. The Clinton Administrationís long-term care initiative, which invests $10 billion over 5 years and $28 billion over 10 years, includes:



What's New - January 2000

African American History Month

Protecting America’s Natural and Historic Treasures

Remarks by Samuel Berger to the National Press Club

The Lowest Unemployment Rate in 30 Years

President Clinton Announces Bioenergy & Bioproducts Tax Incentives January 27, 2000

President Clinton Proposes to Expand the Earned Income Tax Credit

Unprecedented National Effort to Improve Our Nation’s Schools by Dramatically Increasing Accountability and Investment

FY2001 New Opportunity Agenda

FY2001 Budget & New Opportunity Agenda

President Clinton Unveils First Accounts

Major New Increase in Funding to Determine Environmental Causes of Disease

New Public-Private Partnerships to Increase Aviation Safety

President Clinton Unveils Largest Ever National Gun Enforcement Initiative

New Multimillion Dollar Increase to Combat HIV and AIDS

The President Triples His Long-Term Care Tax Credit

Major New Health Insurance Initiative

A New Opportunity Agenda for Higher Education: Making Critical Investments in Education and Training

College Opportunity Tax Cut: Providing Tax Incentives to Make Higher Education More Affordable

Nearly a $3 Billion Increase in 21st Century Research Fund

Promoting Bioenergy and Biobased Products

Information Technology For the 21st Century

Remarks by the President at Event Commemorating End of Ramadan

Remarks by the President At America’s Millennium Gala - The Lincoln Memorial

Clinton-Gore Administration Proposes Record

National Nanotechnology Initiative: Leading to the Next Industrial Revolution

Getting the Job Done for the American People in 2000

Proclamation: Martin Luther King, Jr., Federal Holiday, 2000

President Clinton Announces New Equal Pay Initiative

Largest Ever National Gun Enforcement Initiative, January 18, 2000

New Responsible Fatherhood Initiative to Promote Work and Boost Child Support Payments

2001 Budget Will Pay Down Debt by 2013

President Clinton Proposes State Licenses for Handgun Purchases

The Clinton-Gore Economic Record: Strong and Sustained Economic Growth

Revitalizing America’s Cities

President Clinton Unveils Millennium Initiative to Promote Delivery of Existing Vaccines in Developing Countries and Accelerate Development of New Vaccines


President and First Lady | Vice President and Mrs. Gore
Record of Progress | The Briefing Room
Gateway to Government | Contacting the White House | White House for Kids
White House History | White House Tours | Help
Privacy Statement

Help

Site Map

Graphic Version

T H E   W H I T E   H O U S E