Now, im joined by senators wyden, stabbed now, and brown. Americans today are on the precipice of, and in some cases, have already gone over several cliffs, for one reason and one reason alone. The white house and city republicans could not get their act together, wasting precious time. They still dont have their act gather. In my many years and serving in this chamber, i have never seen , thisrity of any type republican majority, respond to a National Emergency in such a disorganized and disoriented fashion. Its hurting americans. Its not like they didnt know the deadlines were coming up. Democrats in the house passed the heroes act two and a half months ago. Instead of coming up with a single, comprehensive bill, divisions within their own party forced republicans to release several separate bills, with all the infighting, they cannot even agree on one bill. They cannot even get 51 votes for anything that is comprehensive. That deals with the very real problems the American People fa
On cspan, online at cspan. Org and listen live on the free cspan radio app. The commissioner of the irs testified before the Senate Finance committee on the impact of the coronavirus on the 2020 taxis and including efforts season including efforts to help taxpayers and Small Business. This is just over two hours. [gavel] sen. Grassley commissioner rettig, thank you for agreeing to testify on 2020 tax Filing Season and the irs handling of challenges that are posed because of the pandemic. The 2020 Filing Season got off to its typical start at the end of january. However since then, this Filing Season has been anything but typical. As a result of the National Health emergency stemming from the ongoing pandemic, almost all regular tax filing and tax payment deadlines have been extended. This includes the individual and Corporate Income tax filings and payment deadlines which were pushed back from the normal april 15 to july 15. There is some rumors it might be extended again. I dont know.
Proposal. As well as Economic Growth and the impact of the tax cuts and job that jobs act. Jobs act. Todaym pleased to be here to discuss the budget. Trumps Economic Freedom agenda is working. Reform andegulatory trade deals are improving the lives of hardworking americans. Unemployment remains historically low. And it is at or near alltime lows for africanamericans, hispanic americans, and veterans. The Unemployment Rate for women reached its lowest point in 70 years. Before President Trump came into Office Experts were predicting that we would grow by 14,000 jobs for month per month. We averaged 175,000. Wages for unsupervised workers in 2019. 3 which meant that roy wages rose faster for workers than it did for their bosses. Last months Labor Participation rate prime age adults reached 83. 1 . An 11 year high. American families are earning more each year, thanks to the tax cuts and jobs act, paying significantly lower taxes. They also have more Career Opportunities than ever before.
Understand how much of a hole its going to blow into the Housing Production but i expect that there are other unintended consequences by twhesm just found out last night that wind and solar will also have the same issue in being impacted by this. I hope we can adopt my amendment and fecks this. I hope we can slow down and understand this important part of our tax code. Thank you, mr. Chairman. Senator grassley. Mr. Chairman, members of the committee, im not going to vote for this amendment but i do appreciate that she brings up an issue that we better be very, very certain about, not only because of low Income Housing but also because of Renewable Energy and she mentioned wind and solar, something that should not be touched, and it is hurt very badly in the house bill. Shouldnt be tutched by any of this stuff. We made an agreement three years ago to be in transition get rid of the tax credit 20, olar 21, for wind in and as i indicated yesterday or two days ago in our discussion in my v
Housing is up, and health care. It seems to me we could have thought about a better use of this money then giving 39 americans 1 of making over 1 billion a year. By the way, year after year after year. Thats why this is so huge. Meeting with some of my colleagues that President Trump called into. Im not saying anything that already hasnt been put in newspapers. One thing he said was how terrible he said this plan is for the rich. I dont refer to people that way , but he had to throw in that the rich would get something. We know theyre getting 68,000 on average, as a result of this plan, where as people, 90 Million People, not 570,000 people, are earning salaries of 50,000 or less who have been talked about here today, getting on average 160, seven dollars and . 50 a paycheck. Im telling you, i dont know what its like in other states, but colorados farmers and ranchers will not be fooled by talking about percentages and rates. Y are going to have money they will see that 39 billion , a