IRS Pressing Congress to Pass Tax Extenders Before End of November
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.
- Published in Work Opportunity Tax Credit
WOTC and other Tax Extenders Are Facing an Imminent Threat
Senate and House committee votes that may determine the future of the Work Opportunity Tax Credit (WOTC) are approaching in the US Congress. On Tuesday (tomorrow) the Senate Finance Committee has scheduled a hearing to markup a tax-extenders bill. The Committee will then vote to recommend the bill on Wednesday, April 2nd.
While WOTC is almost assured to be included in the Senate’s extender bill, it is not immune to amendments. WOTC proponents hope to stave off any detrimental changes, keeping the program intact until it can be revisited later in the context of comprehensive tax reform. (more…)
- Published in Work Opportunity Tax Credit
Budget Summit on the Horizon – Permanent WOTC on the Table
It is true that more important issues are currently before Congress. Nevertheless, our fiscal problems are leading Congress and the White House to an eventual sit-down meeting to hash out their very difficult differences. When that happens, current scenarios suggest WOTC will be included in that discussion. (more…)
- Published in Work Opportunity Tax Credit
Republican Freshman Letter Urging Quick Action on Tax Extenders
Yesterday, Paul Suplizio, President of the WOTC Coalition, sent me a copy of an important letter being organized by freshman Republican members of Congress. The letter is addressed to Dave Camp, Chairman of the House Ways and Means Committee and to Patrick J. Tiberi, Chairman of Ways and Means Select Revenue Measures Subcommittee. (more…)
- Published in Work Opportunity Tax Credit
Tax Tug of War Continues – Tax Extenders Missing but Still on Radar
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…)
- Published in Work Opportunity Tax Credit
Congressional Tug of War on Tax Issues: MUST Keep Pushing House and Senate for WOTC Renewal
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…)
- Published in Work Opportunity Tax Credit
Chairman Camp Discusses WOTC; Keeping Tax Credits Alive Until Comprehensive Tax Reform
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 Work Opportunity Tax Credit
Congress Inches Forward on WOTC and other Tax Extenders
We received word this evening that House Ways and Means Committee Chairman Dave Camp has agreed to hold hearings in April to explore the tax extenders, including WOTC. The purpose of this hearing is to consider which of the tax extenders should be renewed. (more…)
- Published in Work Opportunity Tax Credit
WOTC Call to Action – New Developments for WOTC and Tax Extenders
There are new developments in the effort to include WOTC and other tax-extenders in the upcoming payroll tax cut bill. A Senate-House conference is currently negotiating to extend the payroll tax cut, which expires in February.
Paul Suplizio, President of the WOTC Coalition, reports that Ways and Means Chairman Dave Camp is “waving off in advance an expected offer from Senator Baucus” to include tax extenders in the bill. Max Baucus is Chairman of the Senate Finance Committee. (more…)
- Published in Federal Legislation, Work Opportunity Tax Credit
Senators Baucus and Reid — Tax Extenders Should Be Included In Payroll Tax Cut Deal
Negotiations are on again to extend the 2011 payroll tax cut until the end of 2012. The House-Senate Conference met on Tuesday — the first time this year — and the road to an agreement appears rocky. Optimism is alive – but there are also some big disagreements to sort through.
Both sides of the discussion agree that a deal must be made before the end of February when the current 2-month extension expires. (more…)
- Published in Federal Legislation, Work Opportunity Tax Credit
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