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| Sarah Swinehart (202) 226-4774 |
House Passes Important Disability and Tax Extension Legislation
Washington, DC – Today, on a strong bipartisan basis, the House of Representatives passed H.R. 647, the Achieving a Better Life Experience (ABLE) Act of 2014, by a vote of 404 to 17. The House also passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a vote of 378 to 46.
The ABLE Act (H.R. 647) is designed to help more individuals with disabilities work, save, and live independently without losing access to Medicaid and Supplemental Security Income (SSI). In discussing H.R. 647, Ways and Means Committee Chairman Dave Camp (R-MI) said, “The ABLE Act will allow those with disabilities and their caregivers to have the stability and security of knowing that they can save and provide for education, housing, and medical expenses in the future. This is a commonsense bill that will aid those with disabilities and their families so they can live more fulfilling, happy lives and have the ability to provide for a better future.” The Tax Increase Prevention Act of 2014 (H.R. 5771) would extend, for one year (generally through the end of 2014), a number of tax relief provisions that expired either at the end of calendar year 2013 or during 2014, thus preventing tax increases on millions of families and businesses as the tax year 2014 filing season begins early next year. By enacting H.R. 5771, Congress can continue to pursue its efforts to make certain expiring tax provisions permanent to provide certainty and stability to families and businesses, without causing disruption for taxpayers trying to file their 2014 tax returns. In discussing H.R. 5771, Chairman Camp said, "With the end of the year and a new tax filing season rapidly approaching, we need to act. The IRS has been clear that unless Congress acts quickly, it will be forced to delay the start of the tax filing season. American families are struggling to make ends meet as wages remain flat even as expenses rise. These families cannot and should not face a delay in getting their tax refunds." --- Text, summary, and background information for H.R. 647 are available here; the CBO score is available here. Text, summary, and background information for H.R. 5771 are available here; the JCT score is available here.
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