The House of Representatives by a unanimous vote of 422 to passed a bill aimed at reducing veterans unemployment by offering tax breaks to employers who hire them. The Senate overwhelmingly passed the bill last week and President Obama has said he would sign it.
The White House estimates there are 850,000 military veterans among the 14 million unemployed workers and in the next five years another 1 million service members will leave the military and enter the civilian workforce.
Veterans Affairs Secretary Eric Shinseki offered his reaction to passage in a written statement:
“The Returning Heroes and Wounded Warrior tax credits will put more Veterans back to work by encouraging businesses to hire them, and send a message that a grateful Nation honors their service and sacrifice and wants to welcome them all the way home. This legislation also improves Servicemembers’ transition to civilian life and employment by expanding education and job training programs that will help them translate their military skills into high-demand sectors of our economy.”
Chairman of the House Committee on Veterans’ Affairs, Rep. Jeff Miller, said he’s committed to lowering unemployment among veterans to below 5 percent in the next two years.
You can read the details of the VOW Act, the Veterans Opportunity to Work Act of 2011, on the committee’s website HERE.
Filed under: Education, Employment | Tagged: Eric Shinseki, House Committee on Veterans Affairs, postaday2011, Rep. Jeff Miller, Unemployment, United States Department of Veterans Affairs, Veterans Opportunity to Work Act 2011 |