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…)
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…)
Senator Ron Wydon (Dem of Oregon) took over this week as the new Chairman of the Senate Finance Committee. Senator Wydon replaces Senator Max Baucus, who was recently appointed as the United States Ambassador to Japan. Like Senator Baucus, Wydon favors an early passage of tax extenders, including WOTC. (more…)
House Republicans begin gathering TODAY for their annual retreat where members hope to set the agenda for Republican legislation in 2014. Members will have an opportunity to vocalize their concerns and priorities. It is critical that as many House members as possible voice their support for an extension of the Work Opportunity Tax Credit in a tax extenders bill. (more…)
Proponents of a permanent Work Opportunity Tax Credit program are ready as the US House of Representatives sends a Continuing Resolution (CR) to the Senate this week. The CR offers temporary government funding and includes a provision to defund Obamacare. The Senate will not accept the OBamacare-defunding provision, which means the CR will be amended and sent back to the House, etc. etc. (more…)
This year has passed too quickly. It’s already September 10th!
Only yesterday it was 4th quarter 2012 and we were perplexed about how Congress would handle (or fail to handle) the many expired tax extenders. For patrons of the WOTC program, the time to sweat has come again. (more…)