190506 workopportunitytaxcreditact congress
May 06, 2019
TO THE MEMBERS OF THE UNITED STATES CONGRESS:
The U.S. Chamber of Commerce strongly supports H.R. 2213 and S. 978, the “Work Opportunity Tax Credit and Jobs Act,” and urges Members to cosponsor this legislation. Cosponsors of this bill will receive credit for the Leadership component of their “How They Voted” rating.
The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers for hiring individuals from certain targeted groups who have consistently faced significant barriers to employment. The WOTC not only helps facilitate access to good jobs for American workers, it incentivizes workplace diversity and encourages structurally unemployed individuals to move into the workforce.
The WOTC was most recently extended in 2015 under the Protecting Americans from Tax Hikes Act of 2015. According to the Department of Labor’s most recent statistics, the result of this extension has been significantly increased hiring of individuals on public assistance, veterans, and those with disabilities.
The Chamber strongly supports the permanent extension of this vital incentive and urges you to cosponsor this important legislation.
Neil L. Bradley