Senator Mark Pryor today made the following statement following President Obama signing the bipartisan "VOW to Hire Heroes Act" into law. The new law will provide tax credits of up to $2,400 for employers who hire veterans who have been unemployed at least 4 weeks; up to $5,600 for hiring veterans who have been unemployed longer than 6 months; and up to $9,600 for businesses that hire veterans who have service-connected disabilities and have been unemployed longer than 6 months.
Millions of service members put their lives on hold to serve our country and have now returned eager to pursue civilian life. These dedicated individuals -- highly trained and skilled for the battlefield -- are now struggling to find jobs in today's economy. In fact, the statistics for unemployed veterans are troubling and millions are now living in poverty. I am hopeful employers will take advantage of these tax incentives to hire more veterans, and I will continue to support additional measures to improve the economic livelihood of our veterans.