Tax credit to help veterans set to expire
To view our videos, you need to
install Adobe Flash 9 or above. Install now.
Then come back here and refresh the page.
UNITED STATES -- A bill that helps provide veterans with jobs is set to expire at the end of the year. The "Returning Heroes and Wounded Warrior Tax Credit" provides tax breaks for companies who hire unemployed veterans.
Senator Charles Schumer says politics have prevented the extension from passing through the Senate, but he's looking to change that. Not only has he launched a campaign to extend the expiring bill, but he also wants to see legislation introduced that lets veterans transfer skills they learned in the military over to the real world without having to go through lengthy licensing programs.
With more than 1,300 vets out of work in the North Country, he says the jobless rate is just too high.
"What America has always done is looked out for our Vets, and the fact that the unemployment rates is double for veterans what it is for everyone else is not a good thing," said Sen. Schumer.
Schumer's announcement was made at Otis Technology, a company that makes gun cleaning kits. One of his objectives is to make sure they have a chance to secure major contracts.