Grocers, Retailers Press Congress to Save Employment Tax Credit

More than 200 businesses and trade associations wrote to lawmakers backing an effort to expand a tax credit for employers that hire workers who typically struggle to find work in a bid to prevent the break’s expiration at the end of the month.

The firms and advocacy groups in the letter obtained by Bloomberg Tax endorsed a bill proposed by tax writers that would extend the Work Opportunity Tax Credit for five years. Their legislation would also index its benefits to inflation and boost its benefits for employers who pay longer-term workers, older SNAP recipients, and military ...