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Chairman Camp May Soon Begin Reviewing Tax Extenders For Permanent Extension

By admin • 07 January 2015 • Uncategorized

May 20, 2014

On April 28th we informed you of Ways and Means Chairman Dave Camp’s plan to review each tax extender one-by-one, followed by an up or down vote on a bill to permanently extend or repeal the extender.

This process includes WOTC, which Chairman Camp opposes renewal of, so we launched a lobbying campaign with a goal of winning a super majority of Ways and Means Republicans for permanent WOTC when the decisive vote is taken.  That vote will determine the policy of the Republican House in next year’s tax reform bill, and if the vote is against WOTC, it will be next to impossible to reverse in the House.  We could go into a Senate-House conference on tax reform with the House opposed to renewal and, should Republicans capture the Senate in November, our Democratic support there neutralized.

Till now, Chairman Camp has followed his game plan.  Of seven tax extenders the Chairman and Republican majority of the Committee have decided to make permanent, the research and experimentation tax credit (R&E) heads the list.  The Ways and Means bill extending this credit was passed by the House after two days of debate a week ago.

Afterward, the White House threatened to veto the R&E bill because, it said, permanent R&E should be realized only in corporate tax reform, when money will be available to fund R&E and similar extenders to be made permanent by cutting other credits and deductions, mainly international; as corporate tax reform isn’t on the table now, enacting a costly R&E bill at this time isn’t in order, says the White House.

Chairman Camp still wants to move a bill making Section 179 expensing increases permanent, but perhaps because of the bruising two-day battle on R&E in the House last week when the Republican coalition split, or because of the President’s veto threat, or because members would be forced to vote once again on a bill that adds to the deficit, House leaders have decided to change course and not vote on the six remaining bills to make particular extenders permanent.

This means after the Memorial Day recess Chairman Camp will have plenty of time to turn his attention to hearings on some of the 50 or so extenders he wants to take a hard look at.  If he adheres to his current plan, there will be a Hearing on WOTC followed by a Ways and Means Committee vote on a bill to make WOTC permanent in tax reform, or end it.

This can happen in June or July—time is growing short for our lobbying Ways and Means Republicans so it’s urgent we re-double our efforts.  Everyone must do their part; this cannot be left to Washington people alone—Ways and Means Republicans must hear from their states or districts.  To assure WOTC survives, it’s imperative we go the extra mile—company CEO’s and heads of disability, veterans, and community organizations should meet with Ways and Means Republicans in states where they operate, and explain how nearly a million targeted workers a year are finding jobs, earning wages, and paying taxes—raising them and their families out of poverty and off welfare and food stamps, saving government money—while employers’ extra cash flow from the credits gets plowed back into state and local economies and boosts their well-being. 

Meetings should be followed up by more contacts as the day of voting draws near, until the congressperson makes a decision whether to be for WOTC or against it.  So far only two Ways and Means Republicans are WOTC supporters, Congressman Aaron Schock of Illinois and Congresswoman Lynn Jenkins of Kansas; they need not be contacted.  Chairman Camp is against WOTC, and remaining Committee Republicans are uncommitted.

Please review the list of Ways and Means targets in our lobbying plan of April 28th and kindly report progress of your contacts to the Coalition—we will keep you informed likewise.

PAUL E. SUPLIZIO

President, WOTC Coalition

Meetings should be followed up by more contacts as the day of voting draws near, until the congressperson makes a decision whether to be for WOTC or against it.  So far only two Ways and Means Republicans are WOTC supporters, Congressman Aaron Schock of Illinois and Congresswoman Lynn Jenkins of Kansas; they need not be contacted.  Chairman Camp is against WOTC, and remaining Committee Republicans are uncommitted.

 

Please review the list of Ways and Means targets in our lobbying plan of April 28th and kindly report progress of your contacts to the Coalition—we will keep you informed likewise.

 

PAUL E. SUPLIZIO

President, WOTC Coalition

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