More Opportunities to Get Ahead
By Sen. John Thune
Education can open a lot of doors. The right knowledge and skills can create opportunities and open up paths to success. It’s why parents work so hard to ensure their children get a good education that sets them up for a better life. When Republicans wrote our landmark bill, the Working Families Tax Cuts, we wanted to support parents and empower them to help open doors for their children, and I’m proud this landmark law will help set the next generation up to attain their American Dream.
For decades, the 529 savings plan has been a powerful tool for parents to save for their kids’ education. At first, 529s could only be used for college, but in 2017, Republicans expanded eligible uses of 529 funds to include K-12 expenses as well. In the Working Families Tax Cuts, Republicans expanded 529s again to provide even greater freedom for parents to support their children’s education. Thanks to this new law, parents can put that money toward tutoring, vocational and continuing education, and homeschool materials. And we also doubled the amount folks can spend from a 529 plan to $20,000 per year.
The Working Families Tax Cuts supports Americans pursuing an education whatever their ultimate goal may be. For those interested in the trades, this bill created the new Workforce Pell program, which will help students pursuing shorter-term job training programs that prepare them for in-demand, skilled jobs. For those who are looking at a college degree, this bill implements accountability measures designed to put downward pressure on tuition, and it streamlines the student loan repayment process to make it simpler for Americans repaying their loans. Additionally, it ensures that graduates won’t have to pay taxes on tuition assistance from their employer – a measure that I introduced and that this bill makes permanent.
In addition to supporting Americans in their educational pursuits, the Working Families Tax Cuts also provides families with another option to save for their children’s future: Trump accounts. These new investment accounts allow families to contribute and invest money for children as they grow up. When a child turns 18, that money – thousands or even tens of thousands of dollars – is tax-advantaged, and it can be put toward education, starting a business, or buying a home – to get a head start on the American Dream. For children born between 2025 and 2028, the government is offering an initial $1,000 investment in Trump accounts. I hope parents will consider opening an account for their children, which you can do when you file your taxes or at any time online.
I often say that the Working Families Tax Cuts includes a decades-worth of accomplishments in a single bill, but perhaps its greatest impact is the opportunities it unlocks for an entire generation of Americans. Thanks to this bill, the next generation will have greater educational freedom and be able to seize even more opportunities. I’m proud that Republicans’ landmark bill will help the next generation as they pursue the American Dream.
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And again, President Trump and the Republicans fixing what resident bidumb, kackles, and the dumbocrats broke.
Your saying this so often has made it utterly meaningless.
Dismiss it all you want. That doesn’t mean it’s any less true.
Just can’t accept that Trump is fixing the pooch screw you dems have created.
Yeah, I guess the high Trump disapproval numbers, ICE detainee deaths, tariff-tax-we-pay, ruined global reputation, and the vast number of people who’d go back to Biden’s USA in a heartbeat kind of undermines your quaint wish-dream.
Best president ever: not Biden but he’s top ten.
Worst ever: Trump. Both times.
You really need to stop relying on your lefturd antifa horse shit propaganda.
Pat are you reading any of this s&it show narrative?
bla bla bla bla
Anon 9:38pm posting from Russia
Anon 4:34pm posting from his mommies basement while waiting for his pudding cup.
Anon 4:34 calls it!! Well done sir.
Does your mommy know you’re up at that time?
oh don’t stop now, show us more of those big brain strategies of yours bubbela
Blah blah blah.
Just remember Trump is fixing what bidumb broke. Now, off to make my rounds around the city to take pictures of illegals to give to my ICE friend.
still false
They can’t even do that right. Their thuggery in MN cost 280M to detain 4k people of only 30 were accused of violent crimes, plus another 530 with minor traffic violations. 9 million to capture the worst of the worst at the cost of 2 civilian deaths and the violation of numerous rights.
And mumblin-stumblin absent minded Joe was the epitome of doing it right…12+ million allowed into the country?
All because tampon timmy and small frey wouldn’t let local/state police cooperate with ICE. I know the truth is something you lefturds really don’t like, especially when the truth is inconvenient about your side’s behavior.
And any illegal that is caught and sent back to where they came is a good thing.
Big deal, you cherry pick a huge number and make up scary stories about it. No truth at all just a number and a fear trigger. It must be fun to be you, making up stories and wiggling your crooked fingers around inside MAGA heads all day long.
Deny it all you want thats ok because Trump is fixing the mess created by Joe, aka stumblena, bidumb.
Still crap about the all-time most corrupt potus ever, FIXING something. Lies.
Deal with it. Its happening.
My point is, you know it’s all lies but it’s all that you have.
We’ll see.
All the dire predictions you demturds have made so far have been wrong, i.e. recession, WW3, inflation will go out of control, interest rates will sky rocket, the DOW is going to crash. None of it has happened.
Here’s a truth, you have TDS.
Limbaugh’s jokes died with him.
Well said.
Nothing to worry about, the stock market is going up and the lemmings haven’t figured out that they are being fleeced as the dollar drops. Record debt in the future as the market will need higher rates to stave off Trump inflation and they will likely do the opposite and expedite it with rate cuts. The assetless class is done for after his economic policy.
Agreed
What’s insanely frustrating is that the most fervent MAGA faithful hear “stock market up” and assume this means they win. This ignores the fact that the US just had more layoffs in a month than it has since the Great Recession in 2009. It also ignores that the 2025 jobs report was revised down by over a million jobs, the most in over two decades. These are historically negative bellwethers, but you just can’t convince true believers that something isn’t right.
Again, agreed.
Considering how many times you have been wrong. Not a good endorsement for Anon @1:45pm.
2024 – Biden – 1.46 million jobs added
2025 – Trump – 181 thousand jobs added
Now, go correct the stock market with the devaluation of the dollar and let me know how much we are up. The markets are doubting the rate cuts in 2026 so if they force it, inflation is going to be next. It’s going to be an interesting year.
Well stated.