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Invest in American Workers

Floor Speech

Date: April 16, 2018
Location: Washington, DC
Issues: Employment and Affirmative Action

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Mr. KRISHNAMOORTHI. Mr. Speaker, according to the Aspen Institute, from 1996 to 2008, the percentages of American workers receiving employer-sponsored training, on-the-job training, as it were, has fallen by 40 percent.

With a growing skills gap, and American businesses unable to fill 6.3 million jobs due to a lack of qualified candidates, it is imperative that Congress incentivizes investments in worker training. That is why I introduced the Investing in American Workers Act last Friday.

This forward-thinking legislation provides a 20 percent tax credit to small and midsized companies that increase their investments in worker training over a given year. Eligible programs include apprenticeships, specialized community college courses, and those offered by employers or industry associations. This is a win-win for American employers and employees, helping American companies compete globally and helping workers obtain higher wages and long-term job security.

Our workforce is the foundation of our economy, and we cannot ignore the consequences of failing, as a country, to invest in American workers.

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