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Senators Portman, Cardin and Warner Propose WOTC Expansion in Finance Committee

Finance Committee members Senators Portman (R-OH), Cardin (D-MD) and Warner (R-VA) have submitted an amendment to the Chairman’s Mark on tax extenders to create a new target category in WOTC for the long-term unemployed. The amendment states:

This amendment would add the long-term unemployed to the list of eligible populations. An employer hiring someone who has exhausted their 26 weeks of regular unemployment benefits would be eligible for a 40 percent credit on the first $6,000 of wages paid that first year, or a maximum credit f $2,400 per employee.

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