More on the US Senate’s Fiscal Cliff Bill and Tax Extenders

This update from Paul Suplizio, President of the WOTC Coalition, offers some additional details about the fiscal cliff bill passed by the Senate late tonight.
Contrary to my earlier observations, Paul states that the bill DOES include VOW to Hire Hero provisions in its extension of the Work Opportunity Tax Credit. Hopefully, I was wrong.  I like Paul’s version better.
Paul also makes some important observations about recent Hurricane Sandy relief efforts —  including a proposal to expand the WOTC Program with a new Hurricane Sandy target group. (more…)

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WOTC and Tax Extenders are In! – Deal Not Yet Final

Within the past hour, news is hitting the wires of a fiscal cliff deal in sight.  ABC News.  CNN.
We have it from Paul Suplizio of the WOTC Coalition that tax extenders, including WOTC, have made it into the deal retroactive through 2013. (more…)

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Increasing Confidence that WOTC and Extenders Will Be Included in Compromise Bill

The latest news on fiscal cliff negotiations, as published today by USA Today and ABC News is cautiously pessimistic about Congress’ ability to work out an acceptable compromise before Monday.  The following video is a good 5-minute summary from ABC News today. (more…)

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If Republicans "Take the Deal" WOTC and Extenders Will Renew for 2012, 2013

President Obama’s remarks this morning on his “fiscal cliff” negotiations with House Republicans signals optimism that a deal may be close.  Both sides have made concessions but continue to push for additional concession from the other. Near the end of his remarks this morning, the President said,

“I remain optimistic, because if you look at what the speaker has proposed, he’s conceded that income tax rates should go up . . . I’ve said I’m willing to make some cuts. What separates us is probably a few hundred billion dollars. The idea that we would put our economy at risk because you can’t bridge that cap doesn’t make a lot of sense.”

(more…)

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"Plan B" Action Alert – Support Inclusion of Tax Extenders in House Tax Bill

If you’ve been listening to talk radio or the news this morning, you will have already heard House Speaker John Boehner’s talking about the House’s “Plan B” tax bill.  The White House has already rejected the Plan B proposal and it is expected to also die in the Senate.  Nevertheless, the bill is important because it will outline what is important to House Republicans and will potentially set a baseline for supporting tax extenders in subsequent bills. (more…)

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Negotiation Gap Narrows as Obama’s Offers Continue to Include WOTC

As the tax and spend negotiations continue, President Obama’s most recent offer on Monday included an extension of the Work Opportunity Tax Credit program and other tax extenders.  This has been consistent while the public focus of the negotiations has been on areas of deeper disagreement. Already this morning, the White House rejected House Speaker Boehner’s counter offer. (more…)

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House Divided Over Tax & Spend Options – Tax Extenders Are Negotiable

A precarious moment has arrived for extending the Work Opportunity Tax Credit (WOTC) and other tax extenders.  Republican leadership has expressed their general opposition to the $200 billion in “stimulus” included in President Obama’s budgetary demands.  The Republican leadership has not specifically mentioned the $40 billion in tax extenders BUT the extenders (including WOTC) are part of the larger $200 billion stimulus package. (more…)

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Republicans Make Counter Offer, Tax Extenders Precarious

The atmosphere in Washington DC can change in a heartbeat.
On the way into my office this afternoon, I listened to a lively talk-radio discussion of today’s Republican counteroffer to the president’s tax and spending proposals.  Upon arriving, I found an e-mail summary of the situation sent by Paul Suplizio, President of the WOTC Coalition. (more…)

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Democrats Favorable to Including Bi-Partisan Extenders Bill in Next Tax Bill

Some rough politics are on the horizon as Congress tries to divert the U.S. economy’s path away from the 2013 fiscal cliff.  A small but not unimportant element in this effort is the passage of a tax extenders bill covering WOTC, empowerment zones and renewal communities, the research and development credit, and others similar tax incentives. (more…)

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Senate Standoff Over Tax Extenders, Tax Cuts and Funding Bill

As of last night, there was an open standoff in the Senate over the Senate’s proposed tax extenders bill and the Republicans’ need to extend the Bush-era tax cuts.  Democrat and Republican leaders agreed, however, to continue negotiating. (more…)

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