WOTC and the Payroll Tax Cut Negotiation
Following quickly on the heels of the Senate Finance Committee meeting, the congressional
conference committee on the payroll tax cut met to discuss the bill that continues
the payroll tax cut, extends unemployment benefits, and postpones a cut in Medicare
payments to doctors, a s all three provisions expire on February 29.
Certain congressional members are seeking to add discussions on the tax extenders
to the conference agenda as a way of bundling all these expired/expiring measure together.
Senate Finance Committee chairman Max Baucus(D- Mont) made the most direct appeal
for including the tax extenders when he noted that “it’s just fairness” to offer certainly
for employers whose tax planning, investment, and hiring strategies are based on being
able to predict the legislative and tax landscape accurately.
Further, Senator Ben Cardin (D-MD) appealed specifically for an extension to WOTC,
and energy and R&D tax incentives.
House Ways and Means Committee chairman Dave Camp (R- Mich) held a dissenting opinion
and said “My view is these are outside the scope of the conference.”
TALX is tracking developments in these negotiations as they develop.
This weblog is sponsored by TALX.
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