Congressman Aaron Schock

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Tax Tug of War Continues – Tax Extenders Missing but Still on Radar

Wednesday, July 25th, 2012

The U.S. Senate voted today to pass a Democrat version of the 2012 tax cut bill. The House of Representatives introduced its own Republican version yesterday and will vote on it next week.   While neither proposal addresses WOTC or the majority of other tax extenders, no one expects either version to become law.  And so the tug of war continues.

We received the following analysis and advice tonight from Paul Suplizio, President of the WOTC Coalition.  It is reprinted here with permission.

 

From: Paul Suplizio wotc@cox.net
Sent: Wednesday, July 25, 2012 11:30 PM
Subject: Senate Passes Obama Tax Proposals, House Republicans Write Tax Bill Without Extenders

July 25, 2012

By agreement of the two Leaders waiving filibuster, the Senate today voted 51-48 to pass S.3412, the “Middle Class Tax Cut Act of 2012” introduced by Majority Leader Harry Reid, containing President Obama’s tax plan extending the Bush tax cuts for all but high earners, increasing the capital gains rate to 20% and eliminating the 15% dividend preference.

Vice-President Joe Biden presided over the Senate, prepared to vote in case of a tie.

In prior action, the Senate defeated by 54-45 the Republican alternative, S. 3413, the “Tax Hike Prevention Act,” introduced by Senator Orrin Hatch. The Republican alternative would extend the Bush tax cuts for a year, increase AMT relief, and continue full expensing.

WOTC and other tax extenders were not included in the bill. Texts of S.3412 and S.3413 are at www.thomas.gov.

Yesterday House Republicans introduced their tax bill, H.R. 8, the “Job Protection and Recession Prevention Act of 2012” to be voted on next week.

H.R. 8 was introduced by Ways and Means Chairman Dave Camp and co-sponsored by all Ways and Means Republicans, including WOTC co-sponsors Congressman Aaron Schock and Congresswoman Lynn Jenkins. A formal mark-up wasn’t held.

WOTC and other extenders aren’t included in H.R. 8. The bill extends the Bush tax cuts for a year, continues full expensing, expands Coverdell Education Savings Accounts and the Adoption Credit, but reduces the Child Credit and Earned Income Tax Credit and terminates the American Opportunity Credit.

Text of H.R. 8 is not yet available, but a full “Technical Explanation of H.R. 8” (JCX-63-12) and “Estimated Revenue Effects of H.R. 8” (JCX-64-12) are at the Joint Committee on Taxation web site, www.jct.gov.

Democrats will be allowed a vote on their alternative plan when H.R. 8 goes to the floor. Yesterday, Democratic Caucus Chairman John Larsen said tax extenders were one of several possibilities for a Democratic bill, but as in the Senate, the core of any Democratic alternative will be the President’s proposals on the Bush tax cuts and restoring cuts in the Child Credit, Earned Income Tax Credit, and American Opportunity Tax Credit.

The vote in the House on H.R. 8 is expected to be the reverse of action taken by the Senate—Republicans will first vote down the Democratic alternative, then pass a one-year extension of the Bush tax cuts.

The Senate still has a chance to bring up an extenders bill next week, or Welfare Reauthorization which must be passed by September 30th and could carry a WOTC extension. We are interested also in the Farm Bill which has a September 30th deadline and is WOTC-germane because it reauthorizes Food Stamps and the Food Stamp Work Program and carries tax provisions.

Nonetheless, odds are Congress will leave on August 3rd without action, returning home to campaign and face constituents—perfect opportunity to get acquainted and talk WOTC with “the undecideds.”

We will continue pressing all options through September so WOTC won’t be shelved till after the election—HR. 8, Welfare Reauthorization, and the Continuing Resolution are possible vehicles.

Crises wait upon no man, so H.R. 8 could become a vehicle for compromise if the economy continues to stagger and financial crisis deepens in Europe. Fed Chairman Bernanke and Treasury Secretary Geithner have been warning Congress a European crisis will spill over to the U.S. financial system. The prospect of another financial shock is scary to a lot of congressmen—and this Congress has proven it needs a dire situation to act. What was that saying about a crisis being something not to waste?

 PAUL E. SUPLIZIO
President
WOTC Coalition

 

 

 

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Congressman Aaron Schock – WOTC Program Must be Extended

Tuesday, May 1st, 2012

Congressman Aaron Schock (R-IL) a primary sponsor of HR 2082, the Work Opportunity Credit Improvement Act offered the following during his testimony on Thursday before the House’s Subcommittee on Select Revenue. If you would like to listen for yourself, Congressman’s Schock’s testimony begins at time stamp 1:08:58.  These specific comments begin about two minutes later at timestamp 1:11:06.

I have taken a leadership role in the Work Opportunity Tax Credit, which provides a reduction in tax liability for private sector employers who hire employees off of public assistance.

Most recently this Congress expanded this program to include unemployed veterans; however without the core work opportunity program, employers will be less willing to participate in the new veterans hiring credit

It’s hard for employers to justify maintaining that costly infrastructure of a work opportunity program, which will now be one-tenth the size of the core work opportunity program unless it is extended.

For an average tax credit of a thousand dollars, through WOTC, it saves the federal government $5,000 in public assistance payments in just a year. Nearly an equal amount in state public assistance contributions as well is saved.

 

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Urgent Matter for WOTC Program Renewal and Extension

Friday, April 20th, 2012

The Ways and Means Subcommittee on Select Revenue Measures has scheduled a hearing on Tax Extenders for 10:00 AM on Thursday, April 26th.   That is in six days.

This is an Urgent Matter for the Work Opportunity Tax Credit (WOTC) and other tax extenders because the policy of the Ways and Means Committee and the Republican House leadership will largely be set by the decisions flowing from this discussion.

I am publishing, with permission, a communication received this afternoon from Paul Suplizio, President of the WOTC Coalition.  Paul offers  some specific suggestions to make the  impact we need before that hearing takes place. Again, this is urgent.

**************

From: Paul Suplizio wotc@cox.net
Sent: Friday, April 20, 2012 2:24 PM
Subject: Hearing on Future of WOTC Set for Thursday, April 26

April 20, 2012

Congressman Pat Tiberi (R-OH), Chairman of the Subcommittee on Select Revenue Measures, Ways and Means Committee, has announced a hearing on Tax Extenders to be held at 10:00 AM on Thursday, April 26th in Room 1100 Longworth House Office Building.

Testimony will be received solely from House members who have sponsored or co-sponsored legislation extending, modifying, or improving a tax extender, of which WOTC is one.

Congressman Aaron Schock, sponsor of H.R. 2082, WOTC Improvements Act, will testify on behalf of WOTC. Congressman Charles Rangel, Chairman Emeritus of Ways and Means and the lead Democratic co-sponsor, has been invalided by a bad back for the past two months and may not be able to appear. We are asking Ranking Minority Member Sander Levin to become a co-sponsor of H.R. 2082, and that he and other co-sponsors consider submitting a statement for the record.

Your Coalition will submit a statement for the record, and Coalition members may do so as well. Details as to form and deadline for submission are attached to the hearing announcement, which may be accessed at www.waysandmeans.house.gov, click on “Hearings.”

It should be clear that decisions flowing from this hearing will eventually become the policy of the Ways and Means majority and of the House leadership and will thus decide the future of WOTC insofar as the House is concerned.

Since last summer, many of us have been lobbying Ways and Means Republicans to support a WOTC extension. Many of them have been advised to be wary of the tax extenders because the plan is to use them to finance tax reform—thus few Ways and Means Republicans have responded favorably to our efforts on behalf of WOTC. Nevertheless, there are several who are friendly to our cause but have been undecided as to the course of action to take.

Now is the time to get back to these Ways and Means Republicans and advise them the future of WOTC is on the line in this hearing and they could be most helpful by co-sponsoring H.R. 2082 or, if unable to do so, submit a statement for the record supporting a retroactive extension of WOTC through 2012 until a decision can be made in tax reform on the merits of further extension. Coalition members in the field who have been lobbying their congressman for WOTC should deliver this same message, whether or not your congressman is a member of Ways and Means.

Let’s use our collective strength for a big push before the Hearing. The matter is urgent! Please give it your priority attention. Many thanks!

For questions or comments, contact me at 703-587-4566.

PAUL E. SUPLIZIO

President, WOTC Coalition

##End

 

 

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Urgent WOTC Call to Action – Unique Opportunity Limited to This Morning

Wednesday, November 16th, 2011

I received late arriving news on Tuesday from Paul Suplizio of the WOTC Coalition that Congressman Aaron Schock will be making the case for WOTC renewal at the House Republican luncheon today. The luncheon will be from noon until 1:00 PM (eastern), on Wednesday November 16th.

The immediate goal THIS MORNING is to give other Republican House members an advance notice that Congressman Schock will be speaking on this subject and to ask them to support him.

If you’ve been lobbying a Republican House member in this effort, this morning is a crucial opportunity. Call your member and speak to their Legislative Director, Appointment Secretary or other staff members and give them the information and request.

Here is the message, as suggested by Mr. Suplizio:

“At the House Republican luncheon today, Congressman Aaron Schock will call for action on a bill to extend the work opportunity tax credit and several other important tax provisions. Please get word to Congressman _______________that Congressman Schock will be asking for action on WOTC and several other important provisions of the tax code which will expire on December 31st . Tell Congressman_____________ it will be very helpful if he or she would support Congressman Schock in this matter.”

Please note, the recent VOW to Hire Heroes Act has already passed the Senate and is being shepherded through the House. It is expected to become law and will expand and extend the WOTC program’s military veteran categories. Congressman Schock’s address will be making the case for extending the rest of the WOTC program.

 

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