With political divisions at an all-time high, six U.S. Senators offered a much welcomed bi-partisan proposal this week – a bill to make the WOTC Program permanent!
The Work Opportunity Tax Credit (aka WOTC) is slated to expire on December 31, 2019. Known as the Work Opportunity Tax Credit & Jobs Act of 2019, this bill would extend the WOTC Program indefinitely.
“Our economy is creating jobs and increasing wages, and that’s good news, but we have much more work ahead to help those individuals who are in the shadows and struggling to find meaningful employment,” said Senator Portman. “Encouraging employers to hire those who have the most trouble finding work is good policy, and that’s why we should make the Work Opportunity Tax Credit permanent.”
WOTC has expired and then been temporarily renewed more than a dozen times since its inception in 1996. Such uncertainty in the tax code dampens the program’s effectiveness for both employers and employees. Making it permanent will allow more employers to commit to the WOTC Program without fear of it going away.
Initial Co-sponsors include:
- Roy Blunt (R-MO)
- Ben Cardin (D-MD)
- Rob Portman (R-OH)
- Sherrod Brown (D-OH)
- Bill Cassidy (R-LA)
- Bob Menendez (D-NJ)