The Hiring Hero’s Act is designed to help veterans find employment. It is also designed to entice businesses to hire vets. The proposed legislation was created in response to the 11.7% unemployment rate among vets in America. Unfortunately, a few tax incentives added to the bill may delay it’s passing.
The tax incentives would give veterans more than a fighting chance at being hired. These incentives would provide a $2,400 tax credit for $2,400 tax credit for hiring any unemployed veteran, a $4,800 tax credit for hiring a veteran who has been out of work for at least six months and a $9,600 tax credit for hiring a veteran with a service-connected disability who has also been out of work for six months.
If the Senate decides to add these tax incentives, getting a vote from the House of Representatives could be difficult. Recently, any initiatives put forth by the President has met with difficulty in the House. Also, the house of Rep. will not be in session from Nov. 7 to Nov. 14. It is possible the vote on the bill will be postponed until after Veterans Day.
We will continue to update as information is released or obtained.