The Improve and Enhance the Work Opportunity Tax Credit (IEWOTC) Act sponsored by Rep. Lloyd Smucker (PA-11), a senior member of the Committee on Ways and means, would lead to job creation and reduce reliance on safety net programs, according to a recent study. 

The Improve and Enhance the Work Opportunity Tax Credit (IEWOTC) Act sponsored by Rep. Lloyd Smucker (PA-11), a senior member of the Committee on Ways and means, would lead to job creation and reduce reliance on safety net programs, according to a recent study.

The study indicates the enactment of IEWOTC Act would “directly support 350,000 new jobs.” Additionally, the report shows the legislation would increase federal revenue by an estimated $5.8 billion and reduce federal expenditure by an estimated $5.6 billion. It would also add $56 billion to GDP over ten years.

https://smucker.house.gov/media/press-releases/smuckers-iewotc-act-delivers-pro-growth-pro-work-agenda