NEW YORK (March 14, 2014) -- The New York Times today urged Congress in an editorial to get moving on the ABLE Act, a proposal to create tax-exempt savings accounts for people with disabilities, noting that three-quarters of the House of Representatives and two-thirds of the Senate have signed on as cosponsors.
"Back in the old days, when Congress did crazy things like pass legislation, a sensible bill like the ABLE Act might have sailed to the president’s desk," The Times editorialized. "But today, even with a long list of positives — it’s a good idea, solves a pressing problem and has lots of bipartisan support — it’s not a slam dunk, because there’s always a way in Washington to squelch good ideas, especially those that involve tweaking the tax code and spending a little money."
Sponsored in the House by Rep. Ander Crenshaw (R-FL) and the Senate by Sen. Bob Casey (D-PA), ABLE (the Achieving a Better Life Experience Act) would authorize the creation of tax-exempt Section 529 accounts for persons with disabilities to provide for their adult housing, transportation, job support and other needs. More than 50 disabilities groups, including Autism Speaks, have spent years rallying support for the bill.
The Congressional Budget Office is now "scoring" the bill to assess its cost impact on the federal budget. The House version, HR.647, has 345 cosponsors; the Senate bill, S.313, has 67 cosponsors. See the full list of cosponsors here.