White House Reiterates Proposal for Permanent WOTC Program

As reported earlier this month, the 2014 fiscal budget as proposed by the White House includes a proposal to make the VOW to Hire Heroes tax credits permanent.  It would accomplish this by giving permanency to the entire Work Opportunity Tax Credit (WOTC) program — of which the VOW tax credits are an integral part.
During a veterans’ employment event at the White House on Tuesday, President Obama reiterated that proposal.

Obama noted that he has proposed a permanent extension of a tax break that Congress approved in late 2011. Employers get up to a $5,600 tax credit for hiring a veteran out of work for more than six months, or up to $9,600 for hiring a disabled veteran out of work for the same amount of time

Read more:
WashingtonPost: White House musters U.S. firms to hire veterans, spouses
MSNBCMore jobs for vets, cheers Michelle Obama, but ‘there’s more work to be done
SeattleTimesPresident, first lady ask companies to hire vets

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