A bipartisan group of congressmen recently filed legislation that would entice small businesses to invest more in training for their employees. The Career Advancement Through New Skills Act is designed to encourage and incentivize employers to provide their workers with better training to close the widening skills gaps in multiple American industries. The legislation would create a significant tax credit to help offset the cost of qualified education and training expenses spent on employees. “One of the greatest challenges facing workers today is connecting the skills and knowledge they have with the jobs that actually exist. 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,” Rep. Randy Hultgren said of the legislation. “Let’s help the backbone of our economy—small businesses—create opportunity for their workers in order to grow.”

View Source: Insurance Journal