The chair has determined a quorum iS Present. Today we meet to continue our consideration of this Committees Contribution to the build back better act. Before we turn to todays business, i want to make a few brief reminders. First, consistent with regulations, the committee will keep microphones muted to limit Background Noise on the webex platform. Members are responsible for muting themselves when they seek recognition or when recognized five minutes. Second, memberS Present remotely in the proceeding must have cameras on. If you need to step away to attend another proceeding, turn your Camera And Audio off rather than logging out of the platform. Finally, please be advised consistent with the advice of the office of the attending physician, staff and guestS Present in the Hearing Room must wear a mask when recognized to speak. I appreciate everyones continued Patience And Cooperation as we take reasonable precautions to keep our families safe and communities safe. Now, let me turn t
The finance committee will come to order. This morning the finance committee is joined by irs commissioner rettig for our annual hearing that typically marks the end of tax Filing Season. However, 2021 is no typical year. Theres lots to talk about and im going to start with the tax gap, the difference between taxes owed and whats collected. Even the most conservative estimates, the annual tax gap, put it in the hundreds of billions of dollars a year. My own view is the annual tax gap is at least double the official estimate, and growing. Most recent official estimate pegs the tax gap of 381 billion a year but it looks all the way back to data from 20112013. That means these estimates are out of date as soon as released. The fact is out our economys changed and expanded. In 2011, one bitcoin didnt buy you a ham sandwich. Todays crypt occurrences and other technologies create huge new opportunities for the tax cheats to rip off the American People. More and more wealth is building up in
Culture, read the implementation of federal farmer Disaster Relief, will come to order. Thank you and welcome to this joint hearing of the subcommittee on general farm commodities and Risk Management and livestock and foreign agriculture. Im pleased to be joined by my colleague and fellow chairman mister custer and Ranking Member mister thompson, livestock and Foreign Affairs Ranking Member, and chairman peterson and fellow texan, Ranking Member, mike conaway. The first joint hearing comes at a very important time for farmers. Usda and Food Production Conservation Mission area and Farm Service Agency in the middle of a huge job. They are the home of 3 critical efforts to address the needs of farmers, ranchers and Rural Communities in our country. The Market Facilitation Program which is meant to assist farmers most direct we harmed by the administration of trade war, the expanded wildfire and hurricane endemic program which will aid in Rural Recovery from Natural Disasters and programs
Programs. This joint hearing of the Sub Committees on general fund communities, Risk Management, livestock reviewing the implementation of federal farm and Disaster Relief comes to order. Thank you and welcome to this joint hearing of the subcommittees on general farm commodities and Risk Management and livestock and foreign agriculture. Im pleased to be joined by my colleague and fellow chairman as well as my Ranking Member and the livestock Foreign Affairs Ranking Member. Welcome also to our chairman and my fellow texan Ranking Member. This first joint hearing comes at a very important time for farmers. Usda and in particular the Food Production and conservation missionary in the Farm Service Agency is in the middle of a huge job. F packed and fsa are currently at the home of three critical separate efforts to address the needs of farmers, ranchers in Rural Communities in our country. The Market Facilitation Program which is meant to assist those farmers most harmed by the administra
Hearing. And topics are farm bill, and trade relations with china and the status of the disaster aid programs. This is about 2 15. This joint hearing of the subcommittees on the general farm commodities and Risk Management and livestock and foreign agriculture in order to review the title of Disaster Relief will come to order. Thank you. And thank you for coming to the joint committee on farm commodities and risk committees and farm agriculture. I am pleased to be joined by my chair mr. Acosta and the esteemed Ranking Member mr. Thompson and mr. Rouser. Welcome to the chairman Collin Peterson and my texas Ranking Member mike conaway. This is coming at a important time for farmers. The usda and the food conservation area, and the farm agency is in the middle of a huge job. The fpac and other needs of farmers and ranchers and Rural Communities that is meant to assist the farmer most harmed by the administrations trade war and the expanded wildfire and Indemnity Program or w. H. I. P. Plu