The following update from Paul Suplizio, President of the WOTC Coalition, outlines a very time-limited potential opportunity to get WOTC back on track for 2014. To have any impact, WOTC supports will need to act promptly. Congress will wrap up its business and leave town by the end of this week for the Independence Day recess. (more…)
Although not new news, it’s important to reiterate. The Work Opportunity Tax Credit (or WOTC) has the stated support of the White House and the majority-party leadership in the U.S. Senate. In fact, the President’s budget proposes to make WOTC a permanent feature of the tax code (see previous posts).
With the stage now being set for budget talks, the WOTC Coalition is ready to press this issue. WOTC will be on the table for discussion. By no measure, however, is an extension a sure thing. We are approaching a key moment when WOTC proponents must intensify their lobbying efforts. (more…)
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…)