Senate Standoff Over Tax Extenders, Tax Cuts and Funding Bill
As of last night, there was an open standoff in the Senate over the Senate’s proposed tax extenders bill and the Republicans’ need to extend the Bush-era tax cuts. Democrat and Republican leaders agreed, however, to continue negotiating. (more…)
- Published in Work Opportunity Tax Credit
Tax Extenders NOT Included in Continuing Resolution
Congress passed the Continuing Resolution yesterday, providing funds to keep the government going through December 3rd. While many hoped the legislation would include Senator Baucus’ Tax Extenders Bill, those hopes were dashed. That, however, was not a surprise. (more…)
- Published in Federal Legislation
Work Opportunity Tax Credit for Hurricane Katrina Employees
Recently, I’ve received inquiries about Congressional efforts to extend the expired Hurricane Katrina provision of the Work Opportunity Tax Credit Program. Here’s the latest as I understand it.
The Hurricane Katrina WOTC provision has NOT yet been extended. But it is part of the currently idle Baucus Job Creation and Tax Cuts Act — also known as the Baucus Tax Extenders bill. (more…)
- Published in Federal Legislation