The Work Opportunity Tax Credit (WOTC) and the Welfare-to-Work (WtW) Tax Credit

Levine, Linda

Library of Congress. Congressional Research Service.

关键词: Job training;    Tax credits;    Welfare-to-work;    Taxation;    Welfare;   

RP-ID  :  RL30089
RP-ID  :  RL30089 2005-09-16

美国|英语

来源: UNT Digital Library

【 摘 要 】

The Work Opportunity Tax Credit and Welfare-to-Work Tax Credit aretemporary provisions of the Internal Revenue Code. Since their initiation in the mid-1990s, the Congress has allowed the credits to lapse four of the five times they were up for reauthorization. In each instance, they were reinstated retroactive to their expiration dates as part of large tax-related measures. The employment tax credits never have been addressed independently of broader legislation. This report describes the WOTC and WtW Tax Credit and outlines issues for members of Congress.