Bill · H.R. 2801· House(119-HR-2801)
Honor and Hire Veterans Act of 2025
- Introduced
- 4/9/2025
- Last activity
- 4/9/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Gabe Vasquez
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Honor and Hire Veterans Act of 2025 proposes changes to the Internal Revenue Code of 1986. It aims to increase the work opportunity credit specifically for qualified veterans. Under this bill, the credit for a qualified veteran would be 50 percent of qualified first-year wages, compared to 40 percent for all other cases. Additionally, the bill increases the limitations on wages that can be taken into account. These changes would apply to individuals who begin work after the Act is enacted.
Yes· 3 of 10
Would veterans be better off under this, taking everything together?+7
The bill provides significant financial incentives for employers to hire and pay veterans.
Does this increase the pay, pensions or support veterans receive?+6
The bill expands economic benefits and job opportunities specifically for veterans.
Does this cut taxes for small businesses?+5
The bill provides increased tax credits to employers who hire qualified veterans.
The opposite
Does this reduce what the federal government spends?-1
The increase in tax credits may slightly reduce federal tax revenue.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased credit for veterans: The bill increases the work opportunity credit for qualified veterans to 50 percent of qualified first-year wages, whereas it is currently 40 percent for all other cases (Section 2(a)).
-
Higher wage limitations for veterans: The bill increases the wage limits taken into account from $12,000 to $18,000, $14,000 to $21,000, and $24,000 to $36,000 (Section 2(b)).
Potential Negative Impacts for People
- No specific negative impacts are mentioned in the text: The provided text only outlines the increases to credits and wage limitations for veterans.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Veterans+7Good For Business Owners+4Good For Low Income Households+3
- Economy And Finance
- Reduces Small Business Taxes+5Improves Small Business Support+4Increases Job Creation+4Improves Economic Growth+2Reduces Government Spending-1
- National Security And Foreign Policy
- Improves Veterans Benefits+6
- Social Issues And Justice
- Improves Poverty Reduction+3Reduces Homelessness+1
- 4/9/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House