ABLE Act

Congressman Jim Matheson
2013-03-22 15:50:42
Dear Friend, I have heard from many Utahns, and in particular our local autism advocates, about the importance of flexible, long-term planning options for families of and individuals with disabilities.� One issue of great concern for many of these families is the lack of equitable, common-sense avenues to save resources for a child�s future needs.� For example, there are existing programs that allow many parents and grandparents to save for their child�s or grandchild�s educational future in an account with preferable state and federal tax benefits.� At present, no such policy is in effect for children who, because of their special needs, may not follow this type of path.� In this case, parents looking to ease financial strain and provide future opportunity for a disabled child are at a distinct and unfair disadvantage. To address this inequity, a bipartisan piece of legislation was introduced in both the House and Senate last - week with my support.� H.R. 647, The Achieving a Better Life Experience Act (ABLE Act), is a thoughtful, fair solution to provide access to tax-free savings accounts for families and individuals with disabilities.� Specifically, the bill amends a section of the Internal Revenue Service Code and allows individuals with disabilities the opportunity to utilize tax-free savings accounts.� Resources saved in these accounts can be accessed to pay for important future expenses like education, housing and transportation.� In addition, funds saved in tax-free savings accounts are supplemental, and do not alter the eligibility of an individual with disabilities to qualify for support funding like supplementary Social Security or Medicaid, to access private insurance, or earn wages at a job.� I am pleased to lend my support to a bill like the ABLE Act, which makes common-sense changes to our tax code that allow families with a disabled child to plan for a safe and secure future.� As you may know, Utah has one of the highest incidences of autism in our country, with 1 in 47 children in our state diagnosed with an autism spectrum disorder.�� As we work together to provide for long-term needs of these children and their families, as well as every Utah family with a disabled child, this is a step in the right direction.� Helping families plan and provide for their child�s future needs and providing opportunity, dignity and independence for individuals with disabilities is something I am proud to advocate for as your representative.� I am constantly looking for issues that matter to Utah families like yours that I am honored to represent. �If there are topics, like common-sense reforms and ways to support Utah families, which matter to you, please let me know.� I value your ideas and I look forward to hearing from you. Sincerely, Jim Matheson U.S. Representative 4th District of Utah � E-mail Updates* *Yes, please periodically send me e-mail updates.** [image = matheson.congressnewsletter.net/images/clickherebtn.gif] [link 2] *By subscribing to my e-mail updates, you are authorizing me to send regular e-mail updates from my office to your e-mail account. Tell a Friend* Survey/Question [survey]
March 22, 2013

Dear Friend,

I have heard from many Utahns, and in particular our local autism advocates, about the importance of flexible, long-term planning options for families of and individuals with disabilities.  One issue of great concern for many of these families is the lack of equitable, common-sense avenues to save resources for a child�s future needs.  For example, there are existing programs that allow many parents and grandparents to save for their child�s or grandchild�s educational future in an account with preferable state and federal tax benefits.  At present, no such policy is in effect for children who, because of their special needs, may not follow this type of path.  In this case, parents looking to ease financial strain and provide future opportunity for a disabled child are at a distinct and unfair disadvantage.

To address this inequity, a bipartisan piece of legislation was introduced in both the House and Senate last - week with my support.  H.R. 647, The Achieving a Better Life Experience Act (ABLE Act), is a thoughtful, fair solution to provide access to tax-free savings accounts for families and individuals with disabilities.  Specifically, the bill amends a section of the Internal Revenue Service Code and allows individuals with disabilities the opportunity to utilize tax-free savings accounts.  Resources saved in these accounts can be accessed to pay for important future expenses like education, housing and transportation.  In addition, funds saved in tax-free savings accounts are supplemental, and do not alter the eligibility of an individual with disabilities to qualify for support funding like supplementary Social Security or Medicaid, to access private insurance, or earn wages at a job. 

I am pleased to lend my support to a bill like the ABLE Act, which makes common-sense changes to our tax code that allow families with a disabled child to plan for a safe and secure future.  As you may know, Utah has one of the highest incidences of autism in our country, with in our state diagnosed with an autism spectrum disorder.   As we work together to provide for long-term needs of these children and their families, as well as every Utah family with a disabled child, this is a step in the right direction.  Helping families plan and provide for their child�s future needs and providing opportunity, dignity and independence for individuals with disabilities is something I am proud to advocate for as your representative. 

I am constantly looking for issues that matter to Utah families like yours that I am honored to represent.  If there are topics, like common-sense reforms and ways to support Utah families, which matter to you, please let me know.  I value your ideas and I look forward to hearing from you.

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