Well here I go again. This looks like good news to me not only for the vets but many others that are or will be getting jobs at GE. The specific places and types of plants being opened here are in the story too. So "where are the jobs?", here are some.
GE 'Hiring Our Heros' Program To Match 5,000 Veterans With Jobs
WASHINGTON -- General Electric Co. plans to hire 5,000 veterans over the next five years and invest $580 million to expand its aviation business.
The announcements Monday were part of a four-day event that the global conglomerate is hosting with partners in Washington, D.C., that focuses on issues such as manufacturing and job creation in America.
GE CEO Jeffrey Immelt heads up President Obama's 27-member jobs council, which also includes AFL-CIO President Richard Trumka, AOL co-founder Steve Case and Facebook chief operating officer Sheryl Sandberg.
GE said Monday that its "Hiring Our Heroes" partnership will help match veterans with jobs. The company, whose products range from jet engines to light bulbs, will also team with the U.S. Chamber of Commerce to sponsor 400 veterans' job fairs this year. GE currently employs more than 10,000 veterans and has about 100 U.S. employee reservists currently serving overseas.
The subject is tax breaks for hiring veterans. President Obama included two such provisions in his American Jobs Act. The Returning Heroes Tax Credit gives employers up to $4,800 for hiring unemployed vets, and the Wounded Warrior Tax Credit would double an existing break for hiring disabled veterans from a maximum of $4,800 to $9,600.
Sooo....5,000 jobs for vets at $4,800 to $9,600 a job per year...that's a $24,000,000 to $48,000,000 tax write-off per year for GE who, if I'm not mistaken, didn't even pay taxes last year as it is.
Do I get a tax write-off at my business if I hire a vet? Or is this exclusive to the big boys club?
Also, where does it say that these jobs will be in the US? They'll probably be stuck in some overseas country where minimum wage doesn't apply.
And...who's paying for this? Oh yeah, you and me and the Veterans getting the jobs. GE sure the heck isn't.
I would much rather they hand the Vets that money directly then stick them in some job that might only last long enough to qualify for the tax credit and have them laid off or something, throwing them on the back of the taxpayer again in the form of unemployment.
Nothing against Vets, but this is only a feel good story that makes Obama and the companies taking advantage of it look good.
I'm sure any company can get the tax credit for hiring vets. This under Obama may be more or less than in the past but I remember my company in the 80s getting a similar credt not only for vets but for hiring some with disabilities and helping young non-violent criminals that had served their time get back on the right track. I doubt GE is doing it for the money but it might mean something to a small businessman that needs an employee or two.
BTW, this is but one program the President is working on to help our warriors return to civilian life. Read about more here:
I know I'll take some hits for this no matter what I preface it with, but I'll do it anyway.
I have respect and appreciation for those who have served this country, no matter my thoughts on the actual wars.
*puts up rotten tomato shield*
Why should Veterans get preference when being hired? What makes them any more special than someone who didn't or couldn't serve, that is in desperate need of a job to feed him/herself and family?
It is the government, at work again, trying to make special groups a prefered group. I'm tired of it.
ALL MEN ARE CREATED EQUAL.
Apparently, that statement from our Founding Fathers, and those with great foresite afterwords, are now not applicable, because all people are not being treat equally.
It has come to the level of disgust for me. When and if this country chooses to rebuild itself, it will have to put aside the preferences, petting, special favors and pandering that has become its trademark.
Back on topic for a moment. I still believe what GE is doing for vets is the right thing and the story mentions jobs coming that will be for others as well. Hopefully in 2012 GE will add overall to it's US workforce. Sadly that was not what happenned in 2011:
GE Adds 14,000 Employees in 2011 as U.S. Workers Decline
By Thomas Black - Feb 24, 2012 3:52 PM CT
General Electric Co. (GE) added 14,000 employees worldwide by the end of 2011, from the previous year, while U.S. employees declined by 2,000.
The company had about 301,000 workers, of which 131,000 were in the U.S., GE said in a filing today. In 2010, the company said it had 287,000 workers worldwide with 133,000 of those in the U.S., according to its 2010 filing.