Hultgren joins push for employee-training tax incentive
U.S. Rep. Randy Hultgren (R-IL) has joined a bipartisan group of federal lawmakers in introducing a bill intended to empower small businesses by providing tax incentives for investing in employee training, according to a press release.
Hultgren and U.S. Reps. Mike Thompson (D-CA), Bradley Byrne (R-AL) and Derek Kilmer (D-WA) filed the Career Advancement Through News Skills Act to give employers the impetus to invest in new employees.
“One the greatest challenges facing workers today is connecting the skills and knowledge they have with the jobs that actually exist,” Hultgren said in the statement. “Similarly, small businesses have trouble finding qualified applicants for the jobs of the 21st century. This bill encourages these employers to put resources toward training and educating workers for the jobs that exist now.”
The government will grant a 25 percent tax credit to employers on the first $5,000 they spend on training and education for their employees. The intention of the bill is to prompt small business owners to have a reason to bring the best training possible to their employees, the release said.