RALEIGH, NC (AP) — North Carolina Sen. Kay Hagan wants to expand a tax credit offered to businesses who hire military veterans.
The Democrat said Wednesday she is introducing a bill along with Republican Sen. Scott Brown of Massachusetts. The measure would give small businesses a credit of up to $4,000 for each military veteran they hire, including members of the National Guard or Reserve.
Hagan cited the high unemployment rate among veterans as a reason for the bill. She thinks the measure has a very good chance of passing even as lawmakers look for ways to trim the nation’s debt. They are working to determine an exact cost estimate if the bill is approved.
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