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Tue July 13, 2010
Perry Pushes Tax Credit To Help Dropouts
By KRWG News
Texas – Gov. Rick Perry is urging Texas employers to help high school dropouts finish school.
He proposed a business tax credit Tuesday that would reward businesses who grant employees two hours a week of paid time off to return to school or study for the GED. Employers would be eligible for a $1,500 credit on their sales taxes for each student who obtains a diploma or GED.
Perry, who is running for re-election to an unprecedented third term, has been sharply criticized for Texas' high dropout rate.
The proposal requires action by the Legislature, which isn't scheduled to meet until January. Perry estimates the proposal would cost the state $15 million per year.
Copyright 2010 The Associated Press.