Companies To Get Tax Break For Hiring Returning Veterans

HARTFORD, CT (WCBS 880 / AP) – When companies hire veterans returning from Iraq and Afghanistan, they not only get willing and able workers, but also a federal tax break, if a bill passed by the Senate becomes law.

WCBS 880 Connecticut Bureau Chief Fran Schneidau On The Story

“$9,600 for a company hiring a newly returning veteran who is much more likely to be unemployed because those unemployment rates are 12 percent or higher,” said Sen. Richard Blumenthal (D-Connecticut), a member of the Armed Services Committee.

Blumenthal says companies who’ve signed on will provide veterans with the training they need.

He says these men and women have demonstrated they have the discipline and ability and now back home they need the jobs.

Sen. Charles Schumer (D-New York) was a cosponsor of the Hire Heroes Act, which passed the Senate on Thursday, 94-1.

Have you hired a veteran? Share your story in the comments section below!

  • M.A.D

    The government should be giving tax brakes to long term unemployed otherwise this will become another group that will be applying for welfare.

  • Phil

    I am 55 years old with “discipline and ability” and will be subject of a lay off at the end of 2011. The same government that created policies that ran the US economy into the ground and passed laws that will make sure that I ,as a non vet ,will never be selected to have a goverment job is now putting me and millions of other Americans at a greater disadvantage of finding employment with this latest tax break. More seperation from the people. When you finally eliminate the middle class, there will be no one to pay the taxes to pay your salaries and you will end up next to me anyway.

blog comments powered by Disqus
Giving Tuesday
Charles Osgood Event

Listen Live