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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
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5 comments

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.

Tags: Official SBA News and Views, Open For Business

Comments

eliotttuutr | Window Shopper | 11/10/2012 - 12:44 am

Hi, I enjoyed reading your articles. This is truly a great read for me. I
have bookmarked it and I am looking forward to reading new articles. Please
keep up the good articles!
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Jamiesinclair | Window Shopper | 8/19/2012 - 2:59 pm

Bookmarked! This is a really good idea and I can see a lot of small
businesses using it.

Up to $5,600 for hiring unemployed veterans
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esimps | Window Shopper | 6/21/2012 - 8:56 am

I applaud the President on this idea and I do think that all small businesses
should take advantage of this policy and reap the rewards of the tax breaks.
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1ceMaster | Window Shopper | 6/9/2012 - 10:00 am

Going to give these a go hopefully in lieu of a better future for us small
business owners.
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Isabella | Window Shopper | 4/17/2012 - 2:52 am

Well, while $2,000 per month may not seem like enough to feed and clothe
someone, let alone capitalize a venture, serious young entrepreneurs will
make it happen — as they always have — by sleeping on couches, eating
ramen noodles and working 25 hours a day to get their businesses off the
ground. And I think if the American Jobs Act can help facilitate this process
for the upcoming generation of entrepreneurs who may be poised to relieve the
seemingly incurable unemployment epidemic affecting young and old alike
throughout the nation...
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basripage | Window Shopper | 12/7/2011 - 7:02 am

This comment was removed from public view (Spam). Please review the Community Rules of Conduct for more information.

gianez | Window Shopper | 12/6/2011 - 11:09 am

This post has been removed from public view (Spam). Please review the Community Rules of Conduct for more information.