Washington, DC (WLTX) -- South Carolina Republican Senator Tim Scott & New Jersey Democratic Senator Cory Booker are set to participate in the first-ever Bipartisan Live online chat through Facebook, discussing a new bill, called the LEAP Act, that targets youth unemployment and offers tax credits to employers.
The two Senators will come together at social networking giant Facebook's Washington, D.C. headquarters, and participate in a live Question and Answer session online, discussing the Leveraging and Energizing America's Apprenticeship Programs, or LEAP Act.
Under the bipartisan bill, employers who help increase the number of registered apprenticeships in the United States will receive a tax credit, along with putting more people to work, and helping to fill the more than four million job vacancies around the country. The intent of the co-sponsored bill is to help the highly skilled trade industries build their employee base through apprenticeships including construction, manufacturing, health care, energy, and telecommunications.
A portion of America's jobless ranks are 16-24-year-olds, even as companies report unfilled positions and more than 10 million remain jobless in the nation. Current statistics shows that just 16 percent of the 16-to-24 year-old workforce is currently employed.
Companies that offer apprenticeships to those under 25 would receive a $1,500 tax credit, and companies offering apprenticeships to those over 25 would receive a $1,000 tax credit.
Currently apprentices account for 0.2 percent of the American Workforce, according to data provided by Senator Scott's office.
Participate in the LEAP Act Q&A on Thursday afternoon:
Who: Senator Tim Scott and Senator Cory Booker
When: Thursday, April 10th, 1:45PM (start-time approximate)