U.S. restaurant chains lobbying for government to continue tax credit provided to companies that hire food-stamp recipients, other similar groups of disadvantaged workers
November 29, 2011
– U.S. restaurant chains are lobbying for the government to continue a tax credit that’s provided to companies that hire food-stamp recipients and similar groups of disadvantaged workers, Bloomberg reported Nov. 29.
The Work Opportunity Tax Credit is scheduled to lapse on Dec. 31. Companies such as Darden Restaurants Inc., Dunkin’ Brands Group Inc. and Yum! Brands. Inc. have been lobbying Congress to continue the credit.
Dave Koenig, vice president for tax and profitability at the National Restaurant Association in Washington, D.C., said that restaurant companies likely would recruit fewer workers in the targeted groups if they’re uncertain whether they will be able to continue to receive tax credits of as much as US$9,000 per worker.
The primary source of this article is Bloomberg, New York, New York, on Nov. 29, 2011.