I am pleased by the passage of H.R. 647, the ABLE ACT. Individuals and families with individuals suffering with disabilities are already disadvantaged and face huge financial struggles. This bipartisan bill is an effort to provide some comfort and fairness to these families. I have always supported a level playing field for minorities, the disabled and those most vulnerable. The ABLE Act seeks to create tax-preferred savings accounts for individuals with disabilities for qualified expenses. If the bill becomes law, beneficiaries will be able to make tax-free withdrawals from their ABLE account to cover basic needs such as education, housing, transportation and healthcare. I applaud today’s efforts to support individuals and families with disabilities and encourage continued support by Congress for these individuals and families!
Posted on: Wed, 03 Dec 2014 23:12:40 +0000
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