Think about an auto mechanic who gets out of school there. They gotta buy tens of thousands of dollars worth of tools and equipment to even start in their profession. So The Jumpstart Savings plan, which is a bill that introduced Jumpstart Savings act, would create what would look like a 529 account in terms of its tax savings benefits and capital gains tax. allow people to save money to buy those things after graduating from one of those programs, stay open in perpetuity. (01:13–01:34)
CLAIM
Asserts that the Jumpstart Savings plan is designed to function like a 529 account for tax savings.
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