Obama signs unemployed veterans bill

The law will offer businesses a tax credit of up to $2,400 for hiring unemployed veterans and up to $5,600 for hiring those unemployed longer than six months. Businesses can also earn up to $9,600 in tax incentives for hiring veterans with service-related disabilities.

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At the bill-signing ceremony, Michelle Obama, Vice President Biden and his wife, Jill, joined the president on stage.

The bill also repealed a 3 percent withholding tax on government vendors.