Obama signs veterans job stimulus bill

Foodservice industry supports action, hiring of veterans

President Barack Obama signed into law Monday a jobs stimulus bill favored by foodservice industry associations that provides tax credits to businesses that hire unemployed veterans.

The VOW to Hire Heroes Act offers a tax credit of up to $5,600 for businesses that hire veterans who have been unemployed for up to six months. A tax credit of $2,400 also is available to employers who hire veterans who have been out of work for more than four weeks but less than six months.

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