Hagan pushes for tax credits for hiring vets

rchristensen@newsobserver.comOctober 29, 2013 

College Affordability Roundtable_01

U.S. Sen. Kay Hagan

DAVIE HINSHAW — dhinshaw@charlotteobserver.com Buy Photo

Sen. Kay Hagan said Tuesday that she has reintroduced a tax credit for businesses that hire veterans.

The Hire A Hero Act provides businesses with a tax credit of up to $5,600 for hiring a long-term unemployed veteran and $9,600 for hiring a long-term unemployed veteran with a service-connected disability.

The 2011 law is due to expire at the end of the year.

"We have seen the veteran's unemployment situation improve over the last few years,'' Hagan said on a teleconference. "But the fact really remains that too many of our veterans are struggling to find work today.''

The overall unemployment rate for vets is 7.2 percent across the country, although it is higher in North Carolina, she said. Among returning Iraq and Afghanistan veterans, the rate is 10.1 percent.

Nationally, she said, there are more than 700,000 veterans who are unemployed.

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