Exclusive: Obama to propose $2.5 billion tax credit for community college investment

Reuters News
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Posted: Feb 05, 2016 2:56 PM

WASHINGTON (Reuters) - President Barack Obama will propose a $2.5 billion tax credit over five years for businesses that invest in programs at local community colleges and hire their graduates, administration officials said on Friday.

The proposal, dubbed the Community College Partnership Tax Credit, would require businesses to donate funds for equipment, instruction, or internships related to programs in areas such as healthcare, energy and information technology.

(Reporting by Jeff Mason; Editing by Kevin Drawbaugh)