BLOG

Senate Votes To Advance Tax Extenders Bill

By admin • 07 January 2015 • Uncategorized

May 13, 2014

The Senate voted 96-3 today to take up H.R. 3474, the tax extenders bill.

This success is largely due to efforts of new Finance Committee Chairman Ron Wyden and his team for reaching out to every senator to accommodate their interests in the bill.  Since the bill was approved by the Finance Committee on April 3rd,  Senator Wyden has been actively reaching across the aisle to Republicans to gain their support.

Majority Leader Reid, Minority Leader McConnell, and the bill’s managers, Senator Wyden and Senator Hatch, can now determine which amendments, if any, will be voted on and move to final passage of the bill.

We will be watching for amendments that may impact WOTC—so far there are  none, but Senator Coburn, who voted against the bill, has made WOTC a target in the past.

Those of us in touch with Speaker Boehner, Chairman Camp, or others in the House leadership can note the overwhelming vote in the Senate and urge the House to move on the bill when it comes before them.

It’s understood the House will want to make changes—what’s important is that they bring a bill to the floor soon to provide certainty to taxpayers and boost the economy.

The biggest risk at this point is for House Republicans to sit on the bill till after the election because they cannot get the President to agree to something they want, in particular, terminating the medical device tax imposed by the Affordable Care Act.  Repealing this tax is a high priority for Republicans and we know it’s one of the amendments Senator Reid is being asked to allow a vote on.

Many thanks to Coalition members who’ve been lobbying Senate Republicans non-stop for two years to get WOTC extended and made permanent in tax reform.  The job isn’t finished but you can see your efforts are paying off.

PAUL E. SUPLIZIO

President, WOTC Coalition

SHARE Tweet about this on TwitterShare on FacebookShare on Google+Email this to someone

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

GET STARTED

 Please add me to the TaxBreak mailing list

Contact a TaxBreak consultant today for a free tax credit analysis
Get Started Now! 1.800.992.0163

CONTACT US
Live Chat