Politics & Policies

Hillary Clinton’s on Apprenticeship – $1,500 for hiring an apprentice

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.Hillary Clinton

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.

Related Posts

Close the Skills Gap in US – Why are apprenticeships in decline?

Apprenticeships can offer a precise match between the skills employers want and the training workers receive, says Robert Lerman, an economics professor at American University. “It’s a great model for transferring skills from one generation to the next,” says John Ladd, director of the Department of Labor’s Office of Apprenticeship. Nevertheless, according to the Labor … Continue reading 

Apprenticeships in US / Can lead to good jobs

Instead of racking up debt while going to college, apprentices start earning money within their first year in the classroom Continue reading 

Apprenticeship in the US / Work and learn at the same time

Many people work and learn at the same time In the US. But in addition to getting a paycheck, apprentices like Schmitt are also getting a career boost: their on-the-job experience and technical instruction are part of a formal program to help them master an occupation Continue reading 

German-Style Apprenticeships – Would it Work in the U.S.?

In a world of high youth unemployment, where the supply of skilled labor often fails to match employer demand, Germany believes help can be found in its Dual Vocational Training System (TVET)—a time-tested economic model now incorporated into the Federal Republic’s law. This program, many supporters believe, is the reason why Germany has the lowest jobless rate among … Continue reading 

The “Middle-Skill” Jobs in US – How to fill the gap

Over the past decade many economists have warned that the middle of the labor market is hollowing out. Traditional middle-skill jobs—like construction, production, and clerical jobs that require little formal education—are disappearing.  But new analysis from Economic Studies Visiting Fellow Harry Holzer uncovers growth in the middle of the labor market that many have overlooked. … Continue reading 

US – College degree or vocational education ?

The U.S. Bureau of Labor Statistics estimates that only 27 percent of jobs in the U.S. economy currently require a college degree. By comparison, the U.S. Census Bureau reports that 47 percent of workers today have an associate degree or higher. The BLS projects that the proportion of jobs requiring a college degree will barely … Continue reading 

US / Closing the Gap: German Skills Initiative hosted in Washington

On Tuesday, January 29th, the German Embassy in Washington, DC hosted “The German Skills Initiative” with many heads of both U.S. and German corporations in attendance. Alongside German Ambassador Peter Ammon, the speakers included U.S. Secretary of Commerce Dr. Rebecca Blank, German Deputy Chief Executive of International Economic Affairs Dr. Volker Treir, CEO of Siemens … Continue reading 

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: