The Achieving A Better Life Experience Act would allow veterans to have tax free savings accounts to cover expenses like education, housing, and transportation.
Angel Zambrano, CWT Program Manager for Veterans Affairs in Madison said, “When they come back into the community they have a lot of barriers.”
This bill would be one way to help veterans and their families with financial struggles.
“[It] would provide some tax deferred investments like a 5-29 plan for college students but for families that can put money aside,” said U.S. Rep. Reid Ribble, R-Sherwood.
Congressman Ribble spoke at an event Wednesday at Heritage Hill in Green Bay to discuss the hardships veterans face.
Disabilities are not always visible and veterans suffering from Post traumatic stress syndrome and mental health issues need support as well.
According to the Department of Veterans Affairs, every 65 minutes a veteran commits suicide.
Tom Towner, Dryhootch-Fox Valley, said “If you’re in a military vehicle and explosives go off, it’s very traumatic and especially if you’re buddy is next to you and gone.”
They hope this bill will pass and benefit veterans.