On November 22, 2011, the President signed a bill into law that will provide tax credits to employers that hire veterans. Under the American Jobs Act, the "Returning Heroes Tax Credit" and the "Wounded Warriors Tax Credit" will provide tax credits from $5,600 to $9,600 to employers to encourage the hiring of unemployed veterans.
In October of this year, the unemployment rate for military veterans who joined the service since the terrorist attacks of September 11th was 12.1%. That 12.1% = 850,000 veterans who can not find work. Unemployment among the veterans of the Iraq and Afghanistan wars continues to climb as a result of the surge of returning soldiers.
It's time that we gave back!
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