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Friend,
We need to make life easier for working Americans who want to get ahead. That’s why I’m leading an effort to ease some of the upstart costs for those who want to pursue the trades.
Trades offer good wages and long-term opportunities for workers. The trades are essential, in demand, and often offer a faster return on investment than a traditional 4-year college path. Americans should be encouraged and empowered to take the right path for them, not pressured to go to a four year school and get saddled with debt and few job prospects at graduation.
Under President Trump and our conservative majorities, Congress has been taking a fresh look at ways we can make life easier for working Americans and help people achieve the American dream.
That’s why I helped introduce the Jumpstart Savings Act with Congressman Riley Moore.
This legislation would meaningfully help Americans afford the costs associated with careers in the trades, skilled labor, and apprenticeship-based professions through tax savings accounts. The average startup cost for a small business in the trades is $100,000. That is a lot of money.
I’m proud to team up with my colleague in creating a new savings account – modeled after 529 savings accounts – so working Americans pursuing the trades can afford real start-up costs of building a career – like tools and equipment, licenses, and apprenticeship expenses.
This approach empowers workers to prepare for careers that make sense for them – without forcing people to borrow their way there. Empowering families to keep more of their own money – and decide how best to invest in their futures – will help more families get ahead and achieve their financial goals.
I’ll keep working to expand pathways into good-paying jobs and make life better for Iowans.
Sincerely,
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