Veterans jobs bill signed into law
Published: November 21, 2011
WASHINGTON — Uncle Sam wants you to get a civilian job. And he’s willing to pay your next boss up to $9,600 to hire you.
On Monday, President Barack Obama signed into law new veterans employment measures designed to get unemployed vets back to work and help recently separated military members make a successful transition to civilian life. The legislation is the combination of Republican- and Democrat-backed job proposals, and easily passed through Congress earlier this month.
Many of the provisions – an extra year’s worth of GI Bill benefits for 100,000 unemployed veterans, new unemployment benefits for disabled veterans, a revamp of the military’s transition assistance program – will take months to implement.
But the tax credits go into effect immediately, giving employers a financial incentive to hire applicants with military experience. Here’s how those tax credits break down:
- Veterans out of work at least one month: up to $2,400
- Veterans out of work at least six months: up to $5,600
- Disabled vets looking for work: up to $4,800
- Disabled vets out of work at least six months: up to $9,600
In August, White House officials estimated that the tax credits alone could help create more than 25,000 jobs for veterans in the next few years.
The new law is the latest good news for veterans seeking job help in recent weeks. For a full list of new executive actions focused of veterans employment, visit whitehouse.gov/veterans.
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