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.
Filing season and the irss. Andling of challenges at the 2020 Filing Season got off to a typical start. Since then, this Filing Season as been anything but typical 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 are some rumors they might be extended again. I dont know. I have heard that at least once. Extendedhese deadlines, the tax Filing Season continues with many taxpayers still filing taxes as usual to get their tax refund. At the same time, consistent with the Government Shutdown orders and cdc guidance, the irs limited much of its work to essential services, closed a number of facilities, and instituted telework policies where practical. Shortstaffed irs during the busiest time of the year. Understandably, that meant to taxpay
television providers, giving you a front row seat to democracy. treasury secretary janet yellen acknowledge that the u.s. is dealing with unacceptable levels of inflation and that prices are likely to remain high making it a top economic clarity for the administration, she testified in front of the senate finance committee for two and half hours. the committee will come to order. this morning the finance committee welcomes treasuries for a hearing on the budget. this is an important opportunity to discuss big economic challenges. that is where i will begin. i m coming off a string of town hall meetings across my home state of oregon, and colleagues, everywhere i the number one topic is inflation, people are feeling at the grocery store and at oregons going for five dollars, $.42. people are paying more in rent, in shops and at restaurants. this is taking place at the same time americans learned on friday that unemployment is 3.6%, near 50 year lows and wages have been r
the committee will come to order. this morning the finance committee welcomes treasuries for a hearing on the budget. this is an important opportunity to discuss big economic challenges. that is where i will begin. i m coming off a string of town hall meetings across my home state of oregon, and colleagues, everywhere i went, the number one topic of discussion was inflation. people are feeling it at the grocery store in the gas pump. in oregon, a gallon of gas is going for five dollars, $.42. people are paying more in rent, in shops and at restaurants. this is taking place at the same time americans learned on friday that unemployment is 3.6%, near 50 year lows and wages have been rising steadily. overall, the job market is the strongest it has been in multiple generations. but in terms of what our families are feeling on the ground, inflation is causing real headaches. the challenge is how to tackle it. there is no cure all, but the focus in congress has to be on finding r
the committee will come to order. this morning the finance committee welcomes treasuries for a hearing on the budget. this is an important opportunity to discuss big economic challenges. that is where i will begin. i m coming off a string of town hall meetings across my home state of oregon, and colleagues, everywhere i went, the number one topic of discussion was inflation. people are feeling it at the grocery store in the gas pump. in oregon, a gallon of gas is going for five dollars, $.42. people are paying more in rent, in shops and at restaurants. this is taking place at the same time americans learned on friday that unemployment is 3.6%, near 50 year lows and wages have been rising steadily. overall, the job market is the strongest it has been in multiple generations. but in terms of what our families are feeling on the ground, inflation is causing real headaches. the challenge is how to tackle it. there is no cure all, but the focus in congress has to be on finding r