With the unemployment rate for Iraq and Afghanistan veterans in the double digits, President Obama urged Congress on Monday to pass a component of his jobs package aimed at helping veterans find work.
The measure would provide a $5,600 tax break for companies that hire veterans whoâ€™ve been out of work for more than six months; a $2400 credit for hiring veterans whoâ€™ve been unemployed for less than six months, and a $9,600 credit for hiring unemployed veterans with service-oriented disabilities.
â€œThereâ€™s no good reason to oppose this bill, not one. Our veterans did their jobs. Itâ€™s time for Congress to do theirs,â€ said Obama, flanked by soldiers, in the White House Rose Garden Monday. â€œItâ€™s time for them to put country before party, put our veterans back to work, and pass this element of the jobs package that benefits our veterans and gives businesses an incentive to hire veterans.â€
The White House also announced a series of other initiatives that would create an online jobs bank for veterans and provide six months of personalized case management and employment counseling for unemployed veterans.
â€œWe canâ€™t simply wait for Congress to do its job,â€ Obama said. â€œIf Congress wonâ€™t act, I will.â€
The U.S. Senate may consider the veterans proposal this week. But will it fare any better than the others?