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.
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. 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. 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. I have heard that at least once. Despite these extended dialogue deadlines, the tax Filing Season continued with money still filing taxes as usual asy still filing taxes usual. At the same time consistent with 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. That meant taxpayers experience longer wait times to
Raid, senators are expected to work on 2020 spending on several departments including agriculture, commerce, transportation and housing. Now the live coverage of the senate. Senators are expected work on 20 20 spending on several departments including agriculture, commerce, transportation and housing. While we wait for senators to return, look at remarks on the senate floor dealing with impeachment inquiry against President Trump on the whistleblower, alex the house of representatives continues its impeachment inquiry into whether the president jeopardize National Security by pressuring the york rain to interfere with our elections, the white house , their allies in congress and the media have resorted to despicable tactics to falsely discredit individuals who have provided the house testimony. Yesterday Lieutenant Colonel alexander. Men serving on a detail in thewhite house testified before congress. In ltc vindmans testimony was announced and especially in the past 24 hours hes been
Vote the presiding officer are there any senators in the chamber wishing to vote or change their vote . If not, on this vote, the yeas are 53, the nays are 36. Twothirds of the senators voting, a quorum being present, not having voted in the affirmative, the joint resolution on reconsideration fails to pass over the veto of the president of the United States. The senator for illinois. Mr. Durbin mr. President , i ask consent before the roll call to be recognized to make a unanimous consent request. Id like to take that opportunity now, unless theres some other item of business before the senate. The presiding officer there is not. The senator for illinois. Mr. Durbin thank you t lets start with madge, basic madge, andrew yank math. Heres what it boils down to. Each year we have 140,000 employmentbased visas issued in the United States, 140,000. A decision was made several years ago that politicians were playing favorites, picking countries that would get more of one and more of another
Markets the dow and s p back within 1 of record highs. The nasdaq is higher today as well and 2 from alltime record highs. Check out microsoft. That stock jumping to a fresh record high after announcing a 40 billion buy back, thats helping the do you today well have more on that later. Lots of big names making big news leslie picker has all the market moving news and there is a lot of it. Leslie its a busy and eventful day. So i think were going to kick it back over to bill and im going to head to the desk and well continue our discussion. What a good idea. Thank you, morgan. Come over. Were wondering how worried investors should be at the alpha conference believe that our economy is being propped up by a strong consumer right now, should investors start worrying our push to record levels is going to stall out bring in Brian Jacobson with Wells Fargo Asset Management and christian amami is with investments. Thanks for having me. A lot of the investors, the feeling is that this is as go