Following His Veterans Resources Fair, Congressman Garamendi
Continues Commitment to our Brave Soldiers
WASHINGTON, DC –Congressman John Garamendi (D-Fairfield, CA), a Member of the House Armed Services Committee, today voted for a bill that provides businesses with powerful tax incentives to hire veterans. Garamendi represents more than 10,000 service members at Travis Air Force Base and more than 50,000 veterans. H.R. 674, which includes the Senate's VOW to Hire Heroes Act, passed in the House and is now headed to the President's desk for his signature.
"Our veterans have served valiantly and sacrificed greatly on behalf of all Americans," said Congressman John Garamendi. "As hundreds of thousands of service members return from Iraq and Afghanistan, they face the toughest job market in decades, and many have even faced morally repugnant job discrimination. The VOW to Hire Heroes Act provides veterans with the job opportunities that they have earned."
The unemployment rate for veterans returning from Iraq and Afghanistan is 12.1 percent, which is significantly higher than the national figure of 9 percent. Among young veterans aged 18-24, unemployment is at a staggering 30.4 percent.
Garamendi continued, "President Obama has gone across the country advocating for passage of the American Jobs Act, so we can jumpstart our stalled economy. I am pleased that the tax credits for hiring veterans, a major component of The American Jobs Act, will now become law. I will continue to work in Washington and in California to address the needs of veterans, service members, and their families."
Last week, Congressman John Garamendi hosted a Veterans Resources Fair in Dixon, providing valuable information for veterans and their families to access a range of services, including career training, housing benefits, and caregiver compensation.
Provisions of The VOW to Hire Heroes Act:
- Tax credit of up to $5,600 for hiring veterans who have been looking for a job for more than six months, as well as a $2,400 credit for veterans who are unemployed for more than 4 weeks, but less than 6 months.
- Tax credit of up to $9,600 for hiring veterans with service-connected disabilities who have been looking for a job for more than six months.
- Expands education and training opportunities for older veterans by providing 100,000 unemployed veterans of past eras and wars with up to 1-year of additional Montgomery GI benefits to go towards education or training programs at community colleges or technical schools.
- Provides disabled veterans up to 1-year of additional Vocational Rehabilitation and Employment Benefits.
- Allows service members to begin the federal employment process prior to separation in order to facilitate a truly seamless transition from the military to jobs at VA, Homeland Security, or the many other federal agencies in need of our veterans.
Note: Today's bill is H.R. 674, which originated in the House and relates to separate tax matters. A Senate Amendment added The VOW to Hire Heroes Act to H.R. 674.