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Question, we will move to the next senator until resolved. I remind all senators that the five minute clock still aflies. You should have a box on your screen labeled clock that shows how much time is on your screen labeled clock that shows how much time is remaining. But we have had some troubles, and i have had senators who cant find that box or dont see it. And so, in fact, last hearing one of the senators ask me again to get a reminder, i will do that at this time for everybody. So at 30 seconds left on your clock, there will be a tone, a bell ring, to remind senators and the witnesses that their time has almost expired. At the end of the five minutes, a bill will ring. That way we can all know how the clock is working, even though we dont find it on our screens. Today we will receive testimony from the security and Exchange Commission chairman jay clayton, regarding the work and agenda of the sec. I thank you chair clayt ....
Mr. Portman mr. President . The presiding officer the senator from ohio. The presiding officer mr. President , im here on mr. Portman im here to talk about the steps congress should take with respect to the coronavirus pandemic. Im start with the legislation that majority leader senator Mitch Mcconnell introduced yesterday, one of the aspects of it that hasnt gotten much attention and i think is very positive and an effective way to get the economy moving in a safe way is some tax legislation. These are tax credits and Tax Deductions that help to encourage the hiring of new workers but also to do so in a safe way. These are the kinds of things that make a lot of sense and have a lot of bipartisan support and appeal. So i think it should be part of whatever final package we end up with. The goal of these tax incentives is to say that we want people to reenter the workforce bu ....
And global names are all taking it on the chin. The market itself is down close to 40 from highs reached a little more than a month ago. And this is feeding on itself. Now, the excuse de jure seems to be the fact that the senate could not cobble together a rescue package late last night. 2 trilliondollar package, democrats say was tilted too much towards businesses. Now theyre scrambling again to come up with something that might be more mutually acceptable. Questions whether it is too little too late. If you consider the 3 1 2 to 4 trillion that the Federal Reserve has provided through everything from cutting Interest Rates down to essentially zero to buying mortgagebacked securities, buying corporate paper, buying anything that they can get their who little hands on to get the cash in the system, that is what it is all about, get cash in the system so people dont feel they ....