Yesterday I voted to pass H.R. 647, the Achieving a Better Life Experience (ABLE) Act and H.R. 5771, the Tax Increase Prevention Act. Both pieces of legislation are important for individuals and businesses in Florida. The ABLE Act empowers families to save money in a tax-exempt account so their disabled children can maintain their health and independence throughout their lives. In the state of Florida, 15.6 percent of individuals are disabled and I am happy to help them and their families better plan for the future. If the tax extenders package did not pass, millions of families and businesses in Florida would experience sharp and unexpected tax increases. This legislation will extend 55 tax provisions including one that helps small businesses utilize research and development opportunities. Another will provide teachers the opportunity to file for a deduction for supplies they purchased with their own funds to help their students in the classroom. dennisross.house.gov/news/documentsingle.aspx?DocumentID=398225
Posted on: Thu, 04 Dec 2014 16:22:22 +0000