SHAHEEN FILES AMENDMENT TO TAX BILL TO PROMOTE JOBS, ECONOMIC OPPORTUNITY FOR VETERANS

May 14, 2014

(Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH) today filed an amendment to promote job creation and economic opportunity for U.S. veterans to legislation extending expired job-creating tax credits currently under consideration by the Senate. The Veterans Hiring Act would cut payroll taxes for businesses that hire veterans creating immediate incentives for employers to provide jobs for veterans.

“The men and women who serve in our armed forces deserve our support while deployed and when they return home,” Shaheen said. “My plan incentivizes the hiring of our service members by giving companies access to immediate savings when they hire veterans. This straight-forward proposal will promote jobs for veterans and help small business expand and grow our economy.”

The unemployment rate for U.S. Iraq and Afghanistan veterans was 9 percent for 2013, more than 2 percent higher than the national average. Shaheen has made promoting economic opportunity and jobs for veterans one of her top priorities in Washington. She has visited numerous businesses across New Hampshire that have been leaders in hiring veterans and has introduced legislation such as the Veterans Entrepreneurship Act to help veterans start and grow small businesses. 

Previously Shaheen filed an amendment designed to protect New Hampshire and other non-sales tax states from the burden of collecting sales taxes for other jurisdictions on online sales.