Disability advocates urge passage of the ABLE Act

In a letter signed by nearly 40 disability and civil rights organizations, the Consortium for Citizens with Disabilities urged Congress to pass a bill that would create tax-free saving accounts for disability related expenses.

Savings account bill introduced
Savings account bill introduced

The Achieving a Better Life Experience (ABLE) Act of 2013 would allow individuals and families to place up to $100,000 in separate accounts, similar to 529 savings plans for college savings. The savings, which would supplement but not replace other public and private benefits, could be used for educational, housing, transportation employment, health care and other services used to  support people with disabilities.

The bill, first introduced in 2009 and repeatedly since, has 38 cosponsors in the Senate and 219 cosponsors in the House of Representatives.

“This measure, which continues to have broad bipartisan support, will help individuals with disabilities enjoy a better quality of life…We feel strongly that you will not find another piece of tax legislation in the US Congress today that has as much bipartisan, bicameral support as the ABLE Act,” the CCD stated in the letter.

The letter, signed July 26, was directed toward Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Orrin Hatch (R-Utah).