WASHINGTON — Supporters of legislation that would allow Americans with disabilities to open tax-free savings accounts to pay for long-term expenses are urging a swift vote in the Senate after the House overwhelmingly passed the bill.
The Republican-led House voted 404-17 Wednesday to approve the most sweeping legislation to help the disabled in a quarter-century, paving the way for creation of the savings accounts next year. It was an unusual moment of bipartisanship in a Congress sharply divided over immigration, taxes and spending.
"Today is a tremendous day for people with disabilities," said William Daroff of the Jewish Federations of North America, which co-chairs the Jewish Disability Network. "We look forward to working with President Obama and the 74 senators co-sponsoring the ABLE Act, and we urge lawmakers to move forward with this bill."
With more than 85 percent of Congress listed as co-sponsors, the measure was expected to get final approval in the Senate. Sen. Bob Casey, D-Pa., the bill's main Senate sponsor, cheered the House passage as a significant step toward providing people with disabilities "the added security they need."
"The ABLE Act has never been closer to getting to the president's desk," he said, referring to the name of the legislation, called the Achieving a Better Life Experience Act.
It would be the first major legislation for the disabled since the 1990 Americans With Disabilities Act.
Dozens of the bill's supporters, including parents of children with Down syndrome, were in Washington this week as lawmakers prepared to cast their votes. Sara Hart Weir, interim president of the National Down Syndrome Society, called it "a monumental, landmark bill for people with Down syndrome and our families."
Modeled after tax-free college savings accounts, the bill would amend the federal tax code to allow states to establish the program. To qualify, a person would have to be diagnosed by age 26 with a disability that results in "marked and severe functional limitations"; those who are already receiving Social Security disability benefits would also qualify. Families then would be able to set up tax-free accounts at financial institutions, depositing up to $14,000 annually to pay for long-term needs such as education, transportation and health care.