President Obama to Highlight Benefits of College Tax Credit

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http://www.nytimes.com/aponline/2010/10/13/us/politics/AP-US-Obama-College-Tax-Credit.html?hp

President Barack Obama wants Congress to make permanent a $2,500 college tuition tax credit that's set to expire at the end of the year.

The American Opportunity Tax Credit was part of the $814 billion economic stimulus bill Obama signed early in 2009. He had proposed making the tax credit permanent in his 2011 budget proposal, but Congress has not acted on his request.

President Obama planned an event Wednesday at the White House with area college students to discuss how they benefited from the tax credit, and why it should be made permanent.