Last night the House of Representatives passed a massive $1 trillion spending bill, after which House members began skipping town. Unfortunately, the spending bill was viewed as the final hurtle to jump on members’ way to Christmas vacation.
With the House no longer in session, the Senate is left with the option of passing HR 5771 (tax extenders) as it was originally delivered by the House or simply letting it die. Amendments to the bill would require it to go back to the House for approval but that is no longer an option. (more…)
Tag: Family And Business Tax Cut Certainty Act
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Tonight, I am passing along observations from Paul Suplizio about the US Senate’s progress towards a tax-extenders bill. Additional action on the floor is anticipated by Thursday. So far, however, Democrat and Republican Senate Leaders have not revealed the nature of any agreements they might have reached. (more…)
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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…)
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IRS Commissioner John Koskinen in a letter to Senate Finance Committee Chairman Ron Wyden (D, OR) regarding the expired tax extenders:
To avoid . . . serious problems, I respectfully urge you and other Members of Congress to address this issue expeditiously…. it would be detrimental to the entire 2015 tax filing season and to millions of taxpayers if Congress fails to provide clear policy direction before the end of November.
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If you have been following WOTC in the news lately, there hasn’t been much to follow. The political process has been occupied elsewhere. You might, however, have notice a few interesting odds and ends. (more…)
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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…)PUBLISHED IN
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The following update from Paul Suplizio, President of the WOTC Coalition, outlines a very time-limited potential opportunity to get WOTC back on track for 2014. To have any impact, WOTC supports will need to act promptly. Congress will wrap up its business and leave town by the end of this week for the Independence Day recess. (more…)
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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.”
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[Updated 05/16/2014 at 12:15 P.M. Pacific Time.]
Not withstanding the Senate’s overwhelming bipartisan support for the EXPIRE Act as demonstrated on Monday, a procedural move by Senate Democratic leaders has resulted in a (hopefully temporary) Republican revolt against the bill. (more…)Expire Act, Expiring Provisions Improvement Reform And Efficiency Expire Act, Hr 3474, Senate Finance Committee, Senate Majority Leader Harry Reid, Senate Minority Leader Mitch Mcconnell, Senator Orrin Hatch, Senator Ron Wyden, Tax ExtendersRead more: Senate Hits Procedural Breaks on EXPIRE Act – Hatch and Wyden Working on SolutionsPUBLISHED IN
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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…)PUBLISHED IN