On Tuesday, April 2nd, Ohio Senators Sherrod Brown and Rob Portman, introduced the Work Opportunity Tax Credit & Jobs Act to the senate.
“Our economy is creating jobs and increasing wages, and that’s good news, but we have much more work ahead to help those individuals who are in the shadows and struggling to find meaningful employment,” said Portman, R-Ohio, in a joint statement with his Democratic counterpart. “Encouraging employers to hire those who have the most trouble finding work is good policy, and that’s why we should make the Work Opportunity Tax Credit permanent.” (BusinessJournalDaily)
People can and want to contribute to their communities, and they deserve a fair shot. The Work Opportunity Tax Credit provides that opportunity, and awards companies for investing in their greatest asset – the American worker. https://t.co/OCNNSqFRZh
— Sherrod Brown (@SenSherrodBrown) April 2, 2019
Joining Brown and Portman in introducing the bill to the senate were:
Ben Cardin, D-Md.
Roy Blunt, R-Mo.
Bill Cassiday, R-La.
Bob Menendez, D-N.J.
WOTC, as it currently stands, is set to expire on December 31st, 2019. The Work Opportunity Tax Credit provides employers credit between $1,200 and $9,600 per employee for hiring and retaining workers that are part of populations that face difficulty in finding jobs.
CMS’s Brian Kelly, said the proposal makes perfect sense.
WOTC activity has been hot in 2019 with additional proposals from Sen. Rosen to promote hiring student veterans and Senator Casey Seeks Expansion of the Work Opportunity Tax Credit.
Originally reported by BusinessJournalDaily: Brown, Portman Introduce Bill to Make Work Opportunity Credit Permanent