Hillary Clinton, unveiling the latest plank of her policy platform, on Wednesday will call for a new tax credit to benefit companies that hire people as apprentices.
The proposal will be debuted during a campaign swing through South Carolina and, in a bit of political gamesmanship, builds off a proposal from one of the Palmetto State’s U.S. senators, Tim Scott (R).
But there are differences between the bill Scott is working on with Sen. Cory Booker (D-N.J.), called the LEAP Act, and the one Clinton will propose. The senators’ bill would provide a $1,500 tax credit for companies hiring apprentices under age 25, and $1,000 for those older than 25. Clinton is calling for a flat $1,500 credit regardless of age.
A Clinton aide told The Huffington Post that she “would be open to adding incentives based on certain other factors, like if the person is a veteran.” But she wouldn’t tie the size of the credit to the age of the apprentice.
Under the LEAP Act, the federal tax credit would be available for new apprentices registered with the U.S. Department of Labor or a state apprenticeship agency. Clinton’s proposal would have narrower restrictions on which companies would qualify, mimicking more closely a separate, broader bill from Sens. Susan Collins (R-Maine.) and Mariah Cantwell (D-Wash.).
Chosen excerpts by Job Market Monitor. Read the whole story at Hillary Clinton Wants To Give Companies A $1,500 Reward For Hiring Apprentices.
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