Good news came smiling out of Washington, D.C. this week for the Work Opportunity Tax Credit (WOTC) program and a number of other tax extenders. Some of you have contacted me with leads and insights, for which I thank you all.
On Wednesday, Senator Max Baucus, Chairman of the Senate Finance Committee (a Democrat) and Senator Orin Hatch, the Committee’s top ranking Republican announced that a bipartisan agreement had been reached for the nervously-awaited tax extenders bill. (more…)
Tag: Middle Class Tax Cut Act Of 2012
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The U.S. Senate voted today to pass a Democrat version of the 2012 tax cut bill. The House of Representatives introduced its own Republican version yesterday and will vote on it next week. While neither proposal addresses WOTC or the majority of other tax extenders, no one expects either version to become law. And so the tug of war continues. (more…)
Congressman Aaron Schock, Middle Class Tax Cut Act Of 2012, Paul Suplizio, Representative Dave Camp, Senate Majority Leader Harry Reid, Tax Extenders, Tax Hike Prevention Act, Work Opportunity Tax Credit, Wotc, Wotc CoalitionRead more: Tax Tug of War Continues – Tax Extenders Missing but Still on RadarPUBLISHED IN
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Paul Suplizio of the WOTC Coalition gave an analysis this morning of the current situation in Congress as it relates to renewal of WOTC and other tax extenders. While there is little chance of of immediate passage, there are important political milestones to be laid at this time. (more…)
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Sometimes, the best I can do is to simply pass good news directly on to you, readers of The WOTC Planet.
Following is a correspondence from Paul Suplizio, President of The WOTC Coalition. It is published here with his permission. (more…)PUBLISHED IN
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Very good news for advocates of extending the Work Opportunity Tax Credit (WOTC)! Another influential Republican has announced that she will co-sponsor H.R. 2082, the WOTC Improvement Act. H.R. 2082 proposes to extend WOTC for three years while making various improvements to the program.
According to the Bill Summary and Status published by the Library of Congress, H.R. 2082 currently has 24 cosponsors . . . including Congressman Dan Lungren, my Representative for California district 3. (more…)PUBLISHED IN
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John Sandusky of Tax Incentive Group, LLC just brought this to my attention.
Congressman Pat Tiberi (R-OH), Chairman of the Subcommittee on Select Revenue Measures has announced a new hearing to consider HOW Congress should evaluate individual tax extender programs. Surprise! The hearing is today at 9:30 AM. (more…)PUBLISHED IN
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On Wednesday, the New York State Senate passed the 2012 NEW JOBS-NY Job Creation Plan, which must now go before the state Assembly for consideration. Among many other provisions, this plan would provide the following new hiring-based incentives. (more…)
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According to Paul Suplizio, President of the WOTC Coalition, the US House of Representatives’ recently announced summer legislative schedule sends a clear message about the intentions of the House Republican Leadership – no tax extenders until after the election. (more…)
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House Resolution 5845 was introduced by Congressman Ted Poe of Texas and referred to the House Ways and Means Committee last Friday (on May 18th). As of this afternoon, the actual text of the bill is not yet available. The title, however, is listed as
H.R.5845 – To amend the Internal Revenue Code of 1986 to extend the work opportunity tax credit for veterans and to allow an exemption from an employer’s employment taxes in an amount equivalent to the value of such credit.
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