Guest guest Posted March 17, 2008 Report Share Posted March 17, 2008 10) Dodd Anounces The Disability Savings Act Of 2008 By JESSE A. HAMILTON |Washington Bureau Chief WASHINGTON - Sen. Dodd announced significant new legislation today that would allow families of people with disabilities to save money in tax-advantaged accounts. The Disability Savings Act of 2008 would allow savings similar to college 529 plans, so families could put aside money for care without jeopardizing their access to existing government assistance. Dodd said it would give relief to families asking the stressful question: When we're gone, who will take care of our loved one with a disability? The announcement, in a room of the Capitol, was before a friendly crowd, mostly from Autism Speaks, an organization founded by Connecticut residents Bob and Suzanne , who have an autistic grandson. When using money from the accounts, which would be capped at $1 million each, certain things would be tax free, including education, medical services, job training and transportation. Dodd didn't downplay the difficulty of passing a bill during a tumultuous election year. He told the crowd that he needed an influential co-sponsor from the other side of the aisle. And he said he would need an army of supporters, to which he added: " And you're my army. " Quote Link to comment Share on other sites More sharing options...
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