Rebuild America Act Introduced, seeks to extend the Work Opportunity Tax Credit through 2015

Senator Harkin (D-IA) introduced S. 2252, the Rebuild America Act of 2012.

A bill to rebuild the American middle class by creating jobs, investing in our future, building opportunity for working families, and restoring balance to the tax code.

The bill seeks to improve the employment and economic security of America’s middle class. Among its many provisions, the bill proposes to strengthen Social Security through a balanced approach that advances solvency of the Social Security Trust Funds while also enhancing the benefit calculation formula and annual cost-of-living adjustments for all Social Security programs, including Supplemental Security Income.

The bill also proposes to extend the Work Opportunity Tax Credit (WOTC) program through 2015 and to expand and increase the WOTC for workers with disabilities.  The bill was referred to the Committee on Finance.