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Mon February 21, 2011
Hagan Pushes Hero Act for Veterans
By Roderick McClain
As lawmakers look for ways to trim the nation's debt, Democratic Sen. Kay Hagan of North Carolina, and Republican Sen. Scott Brown of Massachusetts, are introducing a bill to expand a tax credit offered to businesses that hire military veterans.
The measure would give businesses a credit of up to $4-thousand for each military veteran they hire. Hagan says the unemployment rate among veterans is higher than the national unemployment average.
"There's a disturbing trend going on right now regarding our veterans that serve in our National Guard and Reserve units. Twenty-one percent of the guard and reserve across the country are unemployed."
Hagan says the measure has a good chance of passing. Co-sponsors Hagan and Brown are working to determine an exact cost estimate if the bill is approved.
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