WASHINGTON, Feb. 6 (UPI) -- President Barack Obama is eyeing a five-year $2.5 billion budget proposal that will give tax benefits to businesses that partner with local community colleges and hire their graduates.
Under the Community College Partnership Tax Credit, employers would donate funds for curriculum, instructors and equipment in program areas that include healthcare and information technology. Employers that hire graduates receive a one-time $5,000 tax credit per new graduate employee.