By: Neil L. Wojtal
On November 10, 2011 the Senate passed the VOW to Hire Heroes Act. The Act is intended to help the approximately 900,000 unemployed veterans find jobs and to provide incentives to employers who hire them.
The highlights of the Act are:
- a. $2,400 for employers who hire veterans who have been unemployed for more than four weeks but less than six months
- b. $5,600 for employers who hire veterans unemployed for more than six months.
- c. $9,600 for employers who hire veterans with service connected liabilities that have been unemployed for more than six months.
Note that Congress has ensured that the Act is completely paid for with existing revenue and does not increase the federal deficit.
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