More.

Lauren?

Right now companies can contribute up to ?

Thousan?

250 dollars ta?

Free each year for tuition assistance?

Helping workers earn a college degree.

But no such tax break exists to help workers who are paying off loans on degrees they've already earned.

A bill working its way through congress*would let companies do just that.

Neither the company nor the employee would pay any taxes on the money.

So far companies like starbucks and verizon are supporting the legislation.

Indiana democratic senator mark warner and republican john thune are lead sponsors of the bill that would provide the tax break.

(sot sen.

Mark warner, ?

Va)"this gives a win for the student and a win for the employer."

(sot sen.

John thune, ?sd)"so many students who go to our best colleges and universities, work really hard to get a degree and then they come out and trade in their cap and gown for a mountain of debt and uncertainty."

More than two dozen senators and 140 members of the house all back the bill.

The senate will be a major hurdle for the bill as it will need to pass as part of a larger tax bill that has yet to be introduced the new legislation now has an important ally in the white house.

Ivanka trump, the president's daughter, said in a statement to cbs news that she supports the bill and hopes that congress can set its differences aside and provide solutions.

Lauren leslie?

44news.