President Obama Signs Veterans Tax Credit Bill

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President Obama Signs Veterans Tax Credit Bill

By JAMES DAO


If anyone doubted that veterans remain potent political symbols, they need look no further than Congress’s ability to set aside partisan gridlock last week and overwhelmingly enact legislation providing tax credits to businesses that hire veterans. Flanked by veterans advocates, President Obama signed the bill into law this morning.

The “VOW to Hire Heroes Act” will provide tax credits of up to $2,400 for employers who hire veterans who have been unemployed at least 4 weeks; up to $5,600 for hiring veterans who have been unemployed longer than 6 months; and up to $9,600 for businesses that hire veterans who have service-connected disabilities and have been unemployed longer than 6 months.
http://atwar.blogs.nytimes.com/2011/11/21/president-obama-signs-veterans-tax-credit-bill/