The Senate will recess on April 10th for the Spring work period and won’t return until April 28th. EXPIRE is ready to move, but whether it comes up next week or after the recess is up to the Majority Leader. We will keep you informed.
Friday, April 4, 2014
WOTC Coalition update
The Senate Finance Committee completed markup of the EXPIRE Act extending WOTC for two years through December 31st, 2015 and creating a new target group for workers who exhaust Federal or State unemployment benefits. During markup, a few amendments were adopted, only one of them touching WOTC—an important amendment by Senator Stabenow of Michigan extending Empowerment Zones for two years was passed.Amendments to allow WOTC for all long-term unemployed workers, and to increase the WOTC benefit for hiring veterans, were dropped at the markup.
The Senate will recess on April 10th for the Spring work period and won’t return until April 28th. EXPIRE is ready to move, but whether it comes up next week or after the recess is up to the Majority Leader. We will keep you informed.
The Senate will recess on April 10th for the Spring work period and won’t return until April 28th. EXPIRE is ready to move, but whether it comes up next week or after the recess is up to the Majority Leader. We will keep you informed.
Thursday, April 3, 2014
Amendment proposed to add unemployed WOTC target group
U.S. Senator Rob Portman (R-Ohio), along with Senators Ben Cardin (D-Md.) and Mark Warner (D-Va.), offered an amendment to the Expiring Provisions Improvement Reform & Efficiency (EXPIRE) Act, also known as the tax extenders bill, which would make long-term unemployed Americans eligible for The Work Opportunity Tax Credit (WOTC). The WOTC provides an employer tax credit of between $1,200 and $9,600 per employee for hiring and retaining veterans, ex-felons, the disabled, summer youth employees, and Temporary Assistance for Needy Families, Supplemental Nutrition Assistance Program, and Supplemental Security Income recipients.
"Nearly 4 million Americans are struggling to find work in this weak economy," Portman stated. "We should make it a top priority to connect those Americans with a job, and to create good tax policy that encourages job creation and hiring."
Portman is the author of the bipartisan unemployment insurance agreement that would extend unemployment insurance for long-term unemployed Americans. Portman played a key role in ensuring the bill is fully paid for, that it is short-term, and that it includes reforms to the broken program that's failing to connect Americans with jobs.
"Nearly 4 million Americans are struggling to find work in this weak economy," Portman stated. "We should make it a top priority to connect those Americans with a job, and to create good tax policy that encourages job creation and hiring."
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