Obama To Unveil Plan For Jobless Veterans

By Corinne Rose

August 5, 2011 Updated Aug 5, 2011 at 7:54 AM EDT

FORT WAYNE, Ind. (Indiana's NewsCenter) -- The economy will top President Obama's agenda Firday with his return to Washington, DC. He plans to outline a new initiative aimed at helping jobless veterans.

The president is expected to give a speech at the Washington Navy Yard Friday morning.

Reports say he will lay out a series of reforms to help members of the military return to the workforce and find private sector jobs.

The president's proposals include tax breaks for businesses that hire veterans, ranging from $2400 to $9600 dollars.

A new Defense Department task force is also expected to be created to help veterans with job training.

White House figures show the unemployment rate among veterans, post 9/11, is 13.3% -- more than four percentage points higher than the national rate.

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