New America's Asset Building Program is firmly established in California with the aim of advancing policies that build savings and assets for all Californians. The California office, established in 2004, is widely credited with securing legislative changes allowing Californians to "split" their refunds on their tax returns, as well as enabling TANF recipients and applicants in California to save for college and retirement without losing key public benefits. The California office also succeeded in securing bipartisan legislation to create savings accounts at birth for each newborn in California. Click here for more.
