Will tax credits convince employers to hire veterans?
Fri, 11 Nov 2011 10:18:11 GMT —
With tens of thousands of troops returning home to a bleak job market, the Senate has overwhelmingly passed a bill that will help veterans get jobs.
With a 94 to 1 vote, the new legislation will provide tax credits of up to $9,600 to companies that hire disabled veterans who have been out of work for six months.
The bill will also create job training programs for veterans and members of the military. It's the first piece of President Obama's jobs plan to become law.
The Boston Globe reports the unemployment rate for all post-9/11 veterans has risen 2 percentage points to 12.1 percent in the last year. Veterans of Iraq and Afghanistan face an even higher rate: 14.3 percent.
Many employers say they're hesitant to hire veterans who return with depression and post-traumatic stress disorder, which almost a third suffer from.
"Going into a job interview and saying, 'I won TMt kill everyone in the building,' that's what's [hanging] over your head,'" said Jonathan Howe, a veteran who served in Iraq and Afghanistan and is getting treatment for post-traumatic stress to the Boston Globe.
Even members of the Reserves and National Guard are running into difficulties because employers say they can't afford to lose workers for six months if they are called for active duty.
Do you think the incentives behind the veterans jobs legislation will outweigh employers' hesitation to hire returning troops who suffer from PTSD and depression? Leave your comment below and on Facebook.