In an effort to avoid the “fiscal cliff,” Congress has passed The American Taxpayer Relief Act of 2012. This bill renews the Work Opportunity Tax Credit (WOTC) Program retroactively from January 1, 2012 for the core target groups as well…
In an effort to avoid the “fiscal cliff,” Congress has passed The American Taxpayer Relief Act of 2012. This bill renews the Work Opportunity Tax Credit (WOTC) Program retroactively from January 1, 2012 for the core target groups as well…
WASHINGTON, Jan 31 (Reuters) – The U.S. Congress is unlikely to renew before November elections 67 temporary tax measures that expired at the end of 2011, Senator Orrin Hatch, the top Republican on the U.S. Senate Finance Committee, told Reuters…
To help stimulate the economy, Congress reduced the payroll tax for 2011 to 4.2% for employees and to 10.4% for the self-employed. Congress then extended the reduction for two months with the Temporary Payroll Tax Cut Continuation Act of 2011…
Concurrent with the House-Senate conference on extending the payroll tax cut, the Senate Committee on Finance held a special hearing on the expired tax extenders (Extenders and Tax Reform: Seeking Long-Term Solutions). Lead by Senate Finance Committee Chairman Max Baucus…
The House did not include the tax extenders in its version of H.R. 3630, thus it’s unlikely an offer on the extenders will come from the House. As a result, WOTC lobbyists are currently pressing senators to support, the full-year…
Congress has approved a two-month renewal of payroll tax cuts for 160 million workers and unemployment benefits for millions of Americans. As a result of this extension, the payroll tax rate will be kept at 4.2 percent until the end…
Congressional members continue to discuss alternative bills regarding payroll tax cuts, unemployment benefits extensions, and tax credit extenders. At this point, an extension of the various tax credit programs is not anticipated until January at the earliest. While Walton continues…
The House will vote tonight on the Senate’s two-month payroll tax bill. According to Speaker Boehner, if the House rejects the Senate bill he will appoint conferees and request a conference with the Senate to work out disagreements between the…
