A bipartisan effort to offer tax benefits for lifelong education was introduced in the House of Representatives recently by Reps. Rahm Emanual, D-Ill., and Jim Ramstad, R-Minn.
The bill was referred to the House Ways and Means Committee and the Committee on Education and Labor.
A summary of the bill by the Council for Adult & Experiential Learning, a nonprofit, Chicago-based organization that promotes lifelong-learning accounts, is here, while a copy of the full bill is here.
Pamela Tate, president and CEO of CAEL, says the bill "is a tremendous step forward for working adults. It offers a new financing tool for continuing education. Global competitiveness will depend on a trained and ready workforce in the United States, both long and short-term. LiLAs are one answer to preparing our workforce for the challenges of tomorrow.?