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Bob Casey Jr.: “I passed in 2014 the ABLE Act.”

Featuring: Bob Casey Jr., Democratic | Former U.S. Senate, Pennsylvania

Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’

Published June 21, 2024 | Video Starts at 00:58

Of course, the $2,000 asset limit today has a purchasing power of only 630 bucks. And it's a barrier that keeps people who want to work and save out of the labor market. I passed in 2014 the ABLE Act. And this was one way to ensure that SSI recipients can save for the future or prepare for emergencies without risking benefits. (00:58–01:02)

CLAIM

Asserts that Bob Casey Jr. was responsible for passing the ABLE Act in 2014.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Bob Casey Jr.

“The $2,000 asset limit today has a purchasing power of only 630 bucks.”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 00:45-00:53
“It allows an SSI recipient to save up to $100,000 in assets.”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 01:11-01:17
“As of this March, about 171,000 of the over 4 million SSI recipients have opened an able account and invested almost $2 billion.”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 01:22-01:34
“The rate of the disability labor force participation has been increasing over the past five years.”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 04:24-04:32
“The Bureau of Labor Statistics reports that the May labor force participation rate for people with disabilities was 41.7%, close to an all…”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 04:36-04:48
“Looking back 10 years, that participation rate has increased by over 30%.”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 04:47-04:54
“The major program to encourage employment, the so called Ticket to Work program, has a very low participation rate.”
Casey Slams Low SSI Purchasing Power: ‘It’s A Barrier That Keeps People… Out Of The Labor Market’ | Uploaded June 21, 2024 | 05:08-05:16