Our mission is to drive job growth through tax innovation.
HIRE is dedicated to supporting innovative policies that help employers:
- Hire individuals facing barriers to employment.
- Invest in their workforce through benefits including paid family leave and child care.
- Retain and train employees.
- Expand their footprint in the USA.
We support legislation and/or administrative policies that would enhance programs such as:
- Work Opportunity Tax Credit (IRC § 51)
- Federal Empowerment Zone Credit (IRC § 1396)
- Paid Family and Medical Leave Credit (IRC § 45S)
- Employer-provided Child Care Credit (IRC § 45F)
- Employee Retention Credits (off-Code provisions)
Policy Agenda
These tax credits need to be extended and/or enhanced in order to achieve their policy goals. Furthermore, the administration of these credits - including guidance, processes, and forms - require continued attention to maximize value, encourage employer participation, and reduce administrative burden.
In addition, Congress must work towards the reauthorization of the Work Opportunity Tax Credit and the Federal Empowerment Zone Credit before they expire. A recent study by Ernst & Young LLP forecasts that a WOTC expiration will cost the economy 131,000 direct jobs annually due to increased costs on employers.
The HIRE Coalition will work with our members, tax practitioners, the business community, and other non-profit organizations to develop and present to legislative and administrative policy makers commonsense and cost-effective policies that will help increase tax certainty, reduce administrative burdens, and improve access among small businesses for each of these tax credit programs.