Federal Task Force Calls for New Incentives to Upskill America’s Workforce

In late September, U.S. House Republicans released a comprehensive plan to reform education, labor, and welfare policy. The Tax Foundation reports that among the 118 policy recommendations were proposals to support employer efforts to upskill employees.

The Tax Foundation writes: “Under current law, companies are restricted from deducting the costs of worker training if that training would qualify the worker for a new trade or business — reducing the incentive for businesses to invest in these types of trainings.” The GOP plan “recommends that training and education expenses that are not related to an employee’s current job be deductible as a business expense.” 9/28/2020

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