U.S. Senator Rob Portman (R-Ohio) announced that his amendment to the tax extenders bill that would make long-term unemployed Americans eligible for the Work Opportunity Tax Credit (WOTC) was adopted by the Senate Finance Committee.
WOTC provides an employer tax credit of between $1,200 and $9,600 per employee for hiring and retaining veterans, ex-felons, the disabled, summer youth employees, and Temporary Assistance for Needy Families, Supplemental Nutrition Assistance Program, and Supplemental Security Income recipients. The amendment was cosponsored by Senators Ben Cardin (D-MD.) and Mark Warner (D-VA.).
“I’m pleased my amendment was adopted, as it will help encourage businesses to hire long-term unemployed Americans,” Portman stated. “Nearly 4 million Americans are struggling to find work in this weak economy and we should make it a top priority to connect those Americans with a job, as well as to create good tax-policy that encourages job creation and hiring.”
Portman is an author of the bipartisan unemployment insurance agreement that would extend unemployment insurance for long-term unemployed Americans. Portman played a key role in ensuring the bill is fully paid for, that it is short-term, and that it includes reforms to the broken program that’s failing to connect Americans with jobs.
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