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
MSNBC: More jobs for vets, cheers Michelle Obama, but ‘there’s more work to be done
SeattleTimes: President, first lady ask companies to hire vets
