To amend the Internal Revenue Code of 1986 to provide a payroll tax exemption for hiring long-term unemployed individuals.

Reducing Long-Term Unemployment Act This bill amends the Internal Revenue Code to extend until December 31, 2018, the suspension of employment and railroad retirement taxes for employers who hire unemployed individuals. The aggregate reduction in taxes from such suspension is limited to $5,000 per employee. The bill modifies the unemployment requirement to require a signed affidavit from the unemployed individual that, during the entire 27-week period ending on the hiring date, such individual: (1) was receiving federal or state unemployment compensation, or (2) was unemployed and would have received unemployment compensation except for having exhausted the right to receive such compensation during such period.