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

Reuters
U.S. President Barack Obama answers a reporter's question after delivering a statement on the economy in the press briefing room at the White House in Washington February 5, 2016. REUTERS/Jonathan Ernst

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)

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