President Donald Trump quietly issued an executive order on April 10 calling for federal government agencies to enforce new requirements for low-income recipients of food assistance, Medicaid, and low-income housing subsidies to join the work force or lose their benefits.
The move is part of the administration’s broad overhaul of government safety net programs, promoting employment for those on public assistance programs. Employers that participate in the WOTC Tax Credit Program can expect to see their tax credits increased significantly, as large numbers of public assistance recipients are expected to join the workforce.
“This could be a huge benefit for companies that are participating in the WOTC Tax Credit program”, says Rose Markowits, an accounting professional at TC Services USA. “It’s a win-win situation for both employees and employers.”