The House of Representatives recently passed its veterans employment bill, the Veterans’ Opportunity to Work Act. All eyes are now focused on the Senate, who is working on its own version of the bill, the Hiring Heroes Act.
Senate Democrats are considering adding two White House-sponsored tax provisions that could delay a final vote, making it unlikely a final bill could be signed into law by Veterans Day. Because the Senate is considering a vote on a bill that’s different from the House-approved measure, the bill would have to return for another vote in the House if it is passed through the Senate. The Republican-controlled Senate has so far been reluctant to approve any job-related provisions.
“With the veteran unemployment rate at 11.7 percent, veterans don’t want empty lip service next Friday,” Paul Rieckhoff, the founder and executive director of Iraq and Afghanistan Veterans of America, told Military Times. “They want action and jobs.”
The proposed measures would provide businesses with a $2,400 tax credit for hiring any unemployed veteran, a $4,800 tax credit for hiring a veteran who has been out of work for at least six months and a $9,600 tax credit for hiring a veteran with a service-connected disability who has been out of work for six months.
Stay tuned to VA Benefit Blog for updates on this crucial legislation.
Photo thanks to s_falkow under creative commons license on Flickr.