Investing in American Workers Act

This bill would create a federal tax credit for employers that pay for job training for workers who are not highly paid. The credit would equal 20 percent of an employer's training spending above its average spending over the prior three years, or 10 percent of spending if the employer had no such spending in any of those years. The training must lead to a recognized credential, such as an industry certificate, apprenticeship certificate, license, or college degree, and be provided through programs like registered apprenticeships, community colleges, or labor organizations. Small businesses with under $5 million in gross receipts and certain tax-exempt groups could apply up to $250,000 of the credit against payroll taxes.

Full text and official record on Congress.gov

Sponsors

• Raja Krishnamoorthi Democrat sponsor
• 0 cosponsors