Small Businesses to Get Tax Credits for Hiring Veterans as Part of President Obama's American Jobs Act
by NOsburn, Former Moderator
- Created: November 17, 2011, 1:06 pm
- Updated: January 9, 2013, 9:20 am
America’s small businesses got a big boost to hire veterans last night when Congress passed part of President Obama’s American Jobs Act proposal. Specifically, small businesses will get:
- Up to $5,600 for hiring unemployed veterans
- Up to $9,600 for hiring unemployed service-disabled veterans
President Obama says he plans to sign the bill into law. At the same time, he encouraged Congress to pass the rest his proposals in the American Jobs Act, which has a number of benefits for America’s small businesses, including cutting payroll taxes in half.
This is a great first step to help put people back to work, and we look forward to more of the American Jobs Act provisions being passed to help small businesses create jobs.
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