Congressman Pat Tiberi

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White House Budget Proposes Permanent WOTC Tax Credit Program

Friday, April 12th, 2013

Last summer, the House Subcommittee on Select Revenue Measures held hearings to explore HOW to evaluate the numerous tax extenders coming before Congress each year.  Chairman of the Subcommittee, Congressman Pat Tiberi (R-OH) explained at the time:

“[We] need to consider carefully the principles that we should use to evaluate the merits of these policies. Having recently heard from our House colleagues about their views on many of these extenders, it is time for the Subcommittee Members to roll up their sleeves and see how the provisions stack up against what experts consider the principles of sound tax policy.”

Ultimately, some programs should be made permanent while those not worthy of permanence should be eliminated altogether.

A loose consensus has existed among observers that the Work Opportunity Tax Credit (WOTC) program would be a strong candidate for permanence.   The Obama Administrative this week has cast its vote on that issue.

On page 33 of the Fiscal Year 2014 Budget of the U.S. Government we find this little jewel.  (Thank you to Paul Suplizio, President of the WOTC Coalition, who pointed this out in a coalition email early this week.)

The Administration also continues its support of tax credits that will help employ veterans. The Returning Heroes Tax Credit, which provides up to $5,600 to employers, and the Wounded Warrior Tax Credit, which provides up to $9,600 to hire long-term unemployed veterans with service-connected disabilities, were recently extended for one more year in the American Taxpayer Relief Act of 2012. These credits are a part of the Work Opportunity Tax Credit (WOTC), which contains other categories targeted to hiring veterans. The Budget proposes to permanently extend the WOTC.

FYI, the WOTC program is not directly mentioned again anywhere within the 244 page budget document.

Posted in Veterans, Work Opportunity Tax Credit | No Responses »
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Republican Freshman Letter Urging Quick Action on Tax Extenders

Friday, September 7th, 2012

Yesterday, Paul Suplizio, President of the WOTC Coalition, sent me a copy of an important letter being organized by freshman Republican members of Congress.  The letter is addressed to Dave Camp, Chairman of the House Ways and Means Committee and to Patrick J. Tiberi, Chairman of Ways and Means Select Revenue Measures Subcommittee.

The letter praises these leaders for their support of the recent committee hearings analyzing the expiring tax extenders.  It also offers additional encouragement for what the letter calls “an appropriate and fiscally responsible transition period to prevent any negative economic impacts.”

In other words, don’t allow these important tax provisions to simply die through expiration without giving Congress time to consider them on their individual merits.

As of yesterday, the letter had been signed by at least fourteen Republican members.

Senate leadership has already announced some support for a tax extenders bill. Paul Suplizio added this additional analysis of the situation:

While working to get the Senate to pass some version of Baucus/Hatch in the next three weeks, it’s just as critical to coax Chairman Camp to report a tax extenders bill that reflects what House leaders want and the House will get behind. Let’s go to work mobilizing all the House Republican resources we’ve developed in the fifty states in recent months for this task.

Refresh your contacts by phone and e-mail, and ask them to speak to Camp or at least drop him a note. Yes, the House can go to conference on the Senate bill alone, but we will be much closer to a final bill if we can get Ways and Means to take a stand and report a measure that reflects what the Republican majority will support. The Senate Finance Committee has spoken, it’s time for the Ways and Means Committee to act.

 

The thing to do now is to urge your state’s freshman republican Congress members to sign the letter.

 

 

Posted in Work Opportunity Tax Credit | No Responses »
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Congressional Hearing Today: How to Evaluate Tax Extenders

Friday, June 8th, 2012

John Sandusky of Tax Incentive Group, LLC just brought this to my attention.

Congressman Pat Tiberi (R-OH), Chairman of the Subcommittee on Select Revenue Measures has announced a new hearing to consider HOW Congress should evaluate individual tax extender programs.  Surprise! The hearing is today at 9:30 AM.

See the Committee’s press release here.

Congressman Tiberi explained,

 ”As part of the Ways and Means Committee’s ongoing effort to review dozens of tax provisions that either expired last year or expire this year, we need to consider carefully the principles that we should use to evaluate the merits of these policies. Having recently heard from our House colleagues about their views on many of these extenders, it is time for the Subcommittee Members to roll up their sleeves and see how the provisions stack up against what experts consider the principles of sound tax policy.”

Also from the press release:

 ”The hearing will explore (a) ideas on the framework that Congress should use to evaluate tax extenders, (b) the principles of good tax policy that Congress should apply during this evaluation, and (c) the specific metrics against which Congress should test the merits of particular provisions. While the hearing is not intended to focus on specific tax extenders, individual provisions may be discussed for the purpose of illustrating how to use such principles and metrics.”

In other words, the subcommittee is going to explore exactly WHAT is important to Congress and HOW Congress should evaluate individual programs against that standard.

If the subcommittee is successful, it will offer us a clear directive on how to best defend an extension of the Work Opportunity Tax Credit. Alternatively, the results could define Congress’ priorities in a way that works against renewal of WOTC altogether.

Submit Your Own Statement:
The committee invites interested parties to submit a written statement for consideration by the committee. Properly submitted statements will also be included in the printed record of the hearing. Instructions and links to forms you will need to complete are included in the press release.

 

Posted in Work Opportunity Tax Credit | No Responses »
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Congress Inches Forward on WOTC and other Tax Extenders

Monday, March 26th, 2012

We received word this evening that House Ways and Means Committee Chairman Dave Camp has agreed to hold hearings in April to explore the tax extenders, including WOTC. The purpose of this hearing is to consider which of the tax extenders should be renewed.

As reported today by WOTC Coalition President Paul Suplizio, the hearing will be held before the Select Revenue Measures Subcommittee, which is chaired by Congressman Pat Tiberi, Republican from Ohio.

Also, a new jobs bill was introduced by Senate Democrats today. S 2237, the Small Business Jobs and Tax Relief Act of 2012 proposes to (a) provide an income tax credit on new payroll stemming from increased wages or new jobs and (b) to extend the 100 % depreciation deduction for qualifying property. Read the Senate Fact Sheet here.

This new bill does not include WOTC, or any other tax extenders; however, according to Paul Suplizio of the WOTC Coalition,

“WOTC would be a good fit to this bill because it represents 1.1 million jobs for workers with the highest unemployment rates!”

“People may say WOTC is no different from any other extender, but the point is WOTC IS DIFFERENT and Congress recognized this when it enacted WOTC alone four years ago.

“We have employers spending money on outreach to targeted workers and not being able to claim their tax credits, and we have the historical record that total WOTC job placements are cut in half when a hiatus occurs! These points are worth making when you talk to senators about S. 2237 which likely will not come up until the Senate returns on April 16 after Easter recess.”

It may be a few weeks before the opportunity materializes.  If you support the continuance of the WOTC program, prepare now to encourage your Senators with this information.

Posted in Work Opportunity Tax Credit | 1 Response »
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