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…)
Yesterday, the U. S. Senate voted down an amendment to the Surface Transportation bill that would have renewed many of the now expired tax extenders.
Although I haven’t seen this important detail in other news coverage, Paul Suplizio informs us today that the amendment would have renewed the Work Opportunity Tax Credit (WOTC) retroactively through the end of 2012. Paul Suplizio is the President of the WOTC Coalition. (more…)