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Witnesses back raising SSI asset limits, highlight ABLE accounts and marriage rule for disabled adult children
Summary
Panelists and members described the $2,000 SSI asset limit as an obstacle to employment, praised ABLE accounts for enabling savings, and supported bills to raise asset thresholds while noting that Disabled Adult Children (DAC) lose benefits on marriage under current law.
WASHINGTON — At a House Ways and Means hearing, witnesses and members described how strict asset rules and marriage penalties affect beneficiaries’ financial security and deter work.
What was discussed: Several witnesses identified the SSI individual asset limit of $2,000 as a major barrier. Tracy Thomas Groeninger of Justice in Aging and Representative Danny Davis argued that the low cap discourages savings for emergencies and complicates SSA administration. Sean Tyree, who testified about his…
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