Political Quotes

“Madam President, I wish to discuss the ABLE Act, which is a piece of legislation that has been the subject of enormous and substantial bipartisan support both in the Senate and in the House. We know that a lot of families have relied upon and have really benefited from the so-called 529 plans--a section of the IRS Code that allows families to save tax-free for education. What we are trying to do with the ABLE Act is to replicate that opportunity so that families who have a loved one with a disability--it may be one disability or it may be more than one, but every family who has a loved one with a disability should have the opportunity to save just as they might for education in a tax-free manner, in a tax-advantaged way. We have been working on this legislation for a number of years. Senator Richard Burr, the senior Senator from North Carolina, and I have led this effort in the Senate. As I said, it would build upon that 529 model for education. The ABLE Act enjoys the support of 63 Senators, 63 cosponsors. In the House, it is up to 335 Members. That is why we mentioned that over 400 Members of Congress agree. That is why the hashtag #passtheABLEact! is important to highlight. There are few measures which come before the Senate or the House which enjoy that kind of bipartisan support. In the Senate there are no more than 5 bills that enjoy the support of 63 or more Senators. We are pleased about that, but we are not done yet.…”