Politics

Democrats propose tax breaks for hiring veterans

Vince Coglianese Contributor

WASHINGTON—Senate Democrats introduced a measure Friday offering tax breaks for companies that hire veterans of the wars in Afghanistan and Iraq, the third piece of stand-alone legislation based on elements of President Barack Obama’s jobs bill.

The bill would offer a tax credit of $2,400 to businesses that hire veterans who have been out of work for more than a month. The credit would rise to $5,600 if the veteran has been unemployed for more than six months and increase to $9,600 if the veteran has been out of work that long and was disabled as a result of service in a conflict zone. There would also be job retraining offered to veterans through the legislation.

Full Story: Democrats Propose Tax Breaks for Hiring Veterans