Sunday, February 1, 2009

Dem's Support for War Veterans

Proposed tax credit would help employ jobless vets

Provision part of the Obama-backed $819 billion stimulus plan now in Congress.

Tucked into the $819 billion economic stimulus plan backed by President Barack Obama is a provision aimed at jobless veterans in Hampton Roads and across the nation.

It would give a tax credit to businesses that hire unemployed veterans who have been recently discharged or released from active duty. Freshman Rep. Glenn Nye, D-Norfolk, who represents the military-rich 2nd Congressional District, was among lawmakers who pushed it.

Nye said he wanted to find a way to help the many veterans in his district, along with business owners — especially those from smaller companies — that create jobs.

"If we could find a way to do both of those, we should do it," he said.

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