The latest news on fiscal cliff negotiations, as published today by USA Today and ABC News is cautiously pessimistic about Congress’ ability to work out an acceptable compromise before Monday. The following video is a good 5-minute summary from ABC News today.
What of Tax Extenders and WOTC?
This morning’s impressions from Paul Suplizio, President of the WOTC Coalition, however, are optimistic when it comes to the tax extenders and a renewal of the Work Opportunity Tax Credit.
“We are growing more confident WOTC and other tax extenders will be included in any compromise.”
The following correspondence is published here with permission.
From: Paul Suplizio
Sent: Saturday, December 29, 2012 9:29 AM
Subject: Senate and House Could Vote Sunday On Compromise Including WOTC
December 29, 2012
Majority Leader Harry Reid and Minority Leader Mitch McConnell have scheduled meetings of their caucuses tomorrow afternoon to review the compromise plan they’ve agreed to, assuming they’ve been able to reach agreement.
Reid is writing the measure and taking input from McConnell on priorities Republicans want in the bill—this means tough negotiations today and tomorrow, which won’t be final till Reid has called the President and gotten his approval of the deal.
We are growing more confident WOTC and other tax extenders will be included in any compromise.
After the Democratic and Republican caucus meetings Sunday afternoon, the Senate can start voting immediately on the compromise bill.
If passed by the Senate, the bill will go immediately to the House. Normally, the Speaker decides whether to take up a bill or not. However, in Friday’s meeting with Reid, McConnell, and the President, Boehner pledged the House would consider any Senate-passed bill.
House Republicans can bring any amendments they wish, and the full House will vote on them. If any amendment passes, the bill will go back to the Senate for acceptance or rejection, and so on until both Houses pass the same version.
PAUL E. SUPLIZIO
President, WOTC Coalition