Skills Investment Act of 2025
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
Expands tax-favored lifelong learning savings and creates tax incentives for employer and individual contributions to Coverdell lifelong learning accounts.
Who Benefits and How
Workers and adult learners could get new tax-advantaged support for skill development, and employers could receive a credit for contributing to employee accounts.
Who Bears the Burden and How
Federal tax revenues would fall from the new incentives, and taxpayers and administrators would have to navigate a broader lifelong-learning account regime.
Key Provisions
- Renames Coverdell education savings accounts as Coverdell lifelong learning accounts across the tax code.
- Creates a 25 percent employer tax credit for nonelective contributions to employee lifelong learning accounts.
- Creates an individual deduction for certain lifelong learning account contributions.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Expands tax-favored lifelong learning savings and creates tax incentives for employer and individual contributions to Coverdell lifelong learning accounts.
Key Policy Areas
Education, Taxation, Labor
Primary Purpose
Expands tax-favored lifelong learning savings and creates tax incentives for employer and individual contributions to Coverdell lifelong learning accounts.
Policy Domains
Main Provisions
Identified Gains
Contextual inference, no direct clause citation- Workers and adult learners using lifelong learning accounts
- Employers contributing to employee skills accounts
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Federal revenues reduced by the new tax preferences
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
In CommitteeMs. Klobuchar (for herself and Mr. McCormick) introduced the following …
Read twice and referred to the Committee on Finance.
Introduced in Senate
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Adult learners contributing to lifelong learning accounts, Employees receiving employer contributions to lifelong learning accounts, Workers and adult learners using broader lifelong learning accounts
Employers contributing to employee lifelong learning accounts
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology