Today, the U.S. House of Representatives is expected to vote on (and pass) HR 5771– the Tax Increase Prevention Act of 2014. This will be Congress’ first solid step in some time toward passage of tax extenders. HOWEVER, in its current form the bill’s provisions fall short of expectations. (more…)
With the support of Republican ranking member, Orin Hatch of Utah, Senate Finance Committee Chairman Senator Ron Wyden of Oregon has presented an amendment to included the EXPIRE Act in the Senate’s highway bill. The EXPIRE Act would renew the Work Opportunity Tax Credit (WOTC) and dozens of other tax extenders through 2015.
Paul Suplizio of the WOTC Coalition reports this morning that the Senate Finance Committee has adjourned for the Independence Day recess without a vote on the bill.
Between now and when the Senate reconvenes after July 7th, Senators Wyden and Hatch will be seeking a bipartisan agreement on the bill. According to Mr. Suplizio, the probability is high that EXPIRE will be a part of the bill when it comes before the Senate. (more…)
As a potential Senate vote on the EXPIRE Act looms, the WOTC Coalition’s Paul Suplizio urges WOTC proponents to renew their contacts with Republican Senators.
“We believe several Senate Republicans who support EXPIRE will break with their leader and vote for cloture when another vote is taken.”
Earlier today, the US Senate voted overwhelmingly (96 for, 3 against) to take up HR 3474, the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act.
This procedural vote of cloture means that a final vote on the bill may be coming soon. In the mean time, amendments will be considered and negotiations concluded. We anticipate a vote on the floor of the Senate as early as this week. (more…)
On Monday, the EXPIRE Act of 2014 was introduced to the Senate and placed on the Senate Calendar. Find detailed information at Congress.gov here.
The EXPIRE Act proposes to extend WOTC through 2015 and support for the bill in the Senate is strong; HOWEVER, proponents of the Work Opportunity Credit face a serious challenge in the House where the Ways and Means Committee is now taking up individual tax extender programs for evaluation. Among committee members, Republican support for extending WOTC is weak. (more…)
Paul Suplizio, President of the WOTC Coalition gave us an e-mail play-by-play this morning as the Senate Finance Committee considered amendments to the EXPIRE Act.
First, according to the Committee’s press release, the Senate Finance Committee approved the EXPIRE Act with a strong bipartisan vote. (more…)
The markup of the Senate Finance Committee’s tax extenders bill, which was scheduled for Wednesday, has been postponed until Thursday. The bill’s formal name is the “Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act.
The Chairman’s Mark was published today and is available on the Senate Finance Committee’s website. It will be considered by the full Committee on Thursday, amendments offered and approved, etc. It will then pass before the entire Senate for a vote. (more…)