Ander Crenshaw's ABLE Act Headed to the House Floor
U.S. Rep. Ander Crenshaw, R-Fla., the chairman of the House Financial Services and General Government Appropriations Subcommittee, will have a busy Thanksgiving season since his Achieving a Better Life Experience Act (ABLE Act) will hit the House floor in early December. Crenshaws bill would create tax-free savings accounts for disabled Americans .
The ABLE Act is headed for a vote in December testament to the widespread support for millions who face the daily struggle of living with disabilities, Crenshaw said on Wednesday. They deserve the same financial planning tools available to other Americans. My bill gives them just that by empowering families to live healthy and independent lives through tax-free savings accounts.
Step-by-step with focus and teamwork, ABLE has earned more bipartisan, bicameral support than any other bill in Congress, and Im excited for its passage, Crenshaw added. Easing financial strains through tax-free savings accounts for qualified expenses such as medical, post-secondary education, housing, and transportation, the ABLE Act would provide a brighter future for millions of Americans.
No longer would they have to stand by and watch others use Internal Revenue Service-sanctioned tools that are unavailable to them, Crenshaw continued. The playing field would finally be level. It creates incentives to employment for individuals with disabilities by allowing them to contribute to their own ABLE accounts and seek out employment opportunities without the fear of losing benefits.
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