WOTC Legislation: Call to Action
The legislative authority of the Work Opportunity Tax Credit (WOTC) expired on January 1, 2015. The program is currently in a hiatus period and requires reauthorization by act of Congress. The Extender’s Coalition, a bi-partisan legislative advocacy organization, has prepared an electronic letter imploring members of Congress to pass a “tax extender bill” – including a renewal of WOTC and other important tax credits – as soon as possible. We urge you to take action immediately to ensure the timely renewal of these important tax provisions.
To sign your organization on to the letter, please click this link and fill out the appropriate information. The deadline for completion of this action is close of business Thursday, September 3. Please be sure to list your organization exactly how you would like it to be listed on the letter and please feel free to send the sign-on link to other organizations that may be interested in supporting this important initiative.
WOTC is a measurable tool for encouraging hiring of those deemed to have barriers to hire. Indeed, there is a relationship between a new hire under the WOTC program and someone, who the Department of Labor considers to have barriers to hire, now being gainfully employed. WOTC is a successful and cost effective private/public sector partnership which provides measurable benefit to offset unemployment. Further, uncertainty in these programs affects employers’ ability to effectively plan hiring and expansion strategies. The text of the letter is below, and will be delivered to Congress directly.
Text of Letter:
To the Members of the United States [Senate/House of Representatives]:
The undersigned organizations, representing millions of individuals, employees, businesses of all sizes, community development organizations and non-profit organizations, urge Congress to act immediately on a seamless, multiyear or permanent extension of the expired and expiring tax provisions, including appropriate enhancements. These tax provisions are critically important to U.S. jobs and the broader economy.
Failure to extend these provisions is a tax increase. It will inject instability and uncertainty into the economy and weaken confidence in the employment marketplace. Acting promptly on this matter will provide important predictability necessary for economic growth.
The expired provisions should be renewed as soon as possible this year. We urge all members of Congress to work together to extend seamlessly on a multiyear basis, and where possible enhance or make permanent, these important tax provisions.
[LIST OF ORGANIZATIONS]
Recommended For You
How do you know if your organization is close to maximizing its full WOTC potential? Hopefully, your organization is taking […]
Is your company leaving free money on the table? The answer is likely to be “yes” if you’re not screening […]
Who is this podcast for? Are you an employer or HR representative who would like help to save time, reduce […]
We just got back from the SHRM19 (Society for Human Resource Management) annual conference and exposition in Las Vegas, and […]