Advocacy

House Passes ABLE Act 404-17

A Solution to Empower All Americans – No Matter the Challenges They Face

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Click Here to Watch Remarks by Chairwoman Cathy McMorris Rodgers

WASHINGTON, DC – House Republican Conference Chair Cathy McMorris Rodgers (R-WA) issued the following statement today after the House passed H.R. 647, the bipartisan Achieving a Better Life Experience (ABLE) Act, which allows individuals with disabilities to save for their futures through the creation of tax-free savings accounts.

“Tonight the House spoke for millions of Americans with disabilities.  We spoke to give them a better life; to provide them with greater opportunities; and to empower them to reach their full potential.  As the mom of a seven-year old son with Down syndrome, today my heart is full – because I know firsthand how federal policies can limit the opportunities for those with disabilities.  The ABLE Act will change that. 

“This overwhelmingly bipartisan bill will empower individuals – through tax-free savings accounts – to save for college, retirement, and other future expenses.  As part of America’s New Congress, we are here to advance real solutions.  Solutions that make people’s lives better.  Solutions that empower all Americans – no matter where they come from or how much money they make or what challenges they face.  I applaud Rep. Ander Crenshaw (R-FL) for his invaluable leadership on this issue – and the disability groups that have advocated, for so many years, to secure passage of legislation that is as commonsense as it is compassionate.  It will empower millions – like my son, Cole – with the opportunity to have a better life.  And that is why we are here.”   

 

Click Here to Download Bill H.R. 647

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PaulE
6 years ago

Good idea, but this should be extended to ALL Americans. We have to incentivize personal savings in this country. There is no reason, beyond the government’s unquenchable desire for more and more taxpayer’s money to spend on programs they in government deem more worthy, why personal savings should be taxed. Just a thought. I know this type of wide-spread tax reform has ZERO chance of ever being enacted, as it makes far too much sense, but still it’s a nice thought.

Ivan Berry
6 years ago
Reply to  PaulE

On the face of it, it does seem to be a good beginning, but as is so often the case, seeing the attendant operational rules and regulations Congress usually attaches in order to clarify or implement legislation, judgement should be reserved until results can be properly seen.
If it does what it is intended to accomplishment, PaulE’s extention for all Americans to benefit from no taxes being levied for personal savings would really be a boon for our overall economy. After all, it is savings that provide the engine for business enterprise, that is, unless the government spends taxpayer money on stimulus for that which is not market driven in the first place.
Another troubling aspect is that even good legislation is at risk from another “new” Congress.

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