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Jun 10, 2020
06/20
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the i.r.s. has departmented only three full -- the i.r.s. has designated only three full-time employees to work on free-file. it lacks sufficient oversight over the program for years. for example, our subcommittee on investigations learned that the i.r.s. has not completed a customer satisfaction survey for the free-file program since 2009. that's 11 years. that's right. since 2009 even though the treasury department's inspector general for tax administration recommended greater use of customer satisfaction surveys, not last year or the year before that but as far back as 2007. and despite americans' growing tendency to use search engines like google to navigate the internet, the i.r.s. and its free-file partner companies apparently never discussed online search practices until very recently. this allowed individual companies to make their own choices about how their free-file websites could be excelsed. there's also the fact that the i.r.s. has not had a marketing budget for the free-file program in more than six years. when we asked i.r.s.
the i.r.s. has departmented only three full -- the i.r.s. has designated only three full-time employees to work on free-file. it lacks sufficient oversight over the program for years. for example, our subcommittee on investigations learned that the i.r.s. has not completed a customer satisfaction survey for the free-file program since 2009. that's 11 years. that's right. since 2009 even though the treasury department's inspector general for tax administration recommended greater use of customer...
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Jun 4, 2020
06/20
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CSPAN2
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the i.r.s. would probably call that operating a nonprofit for private benefit, but i'll get to that in a minute. some of that grant money was used to make films, but based on mr. pack's financial disclosures, it's possible that up to 75% of it, millions of dollars, went straight to mr. pack and his wife gina. what you see on this chart, as was suggested in the debate the other day, is not normal. it is not normal. it is -- this is not the standard. this is not how it is done in the industry. and that is why the office of the attorney general for the district of columbia where public media lab is incorporated is now investigating mr. pack's nonprofit for possibly breaking the law. the question they are asking is whether mr. pack used donations to the nonprofit for his own enrichment to line his own pockets. and from my understanding this kind of behavior would normally raise some yellow flags at the i.r.s. as well and they would be curious as to why a nonprofit seemed to be operating for the sole
the i.r.s. would probably call that operating a nonprofit for private benefit, but i'll get to that in a minute. some of that grant money was used to make films, but based on mr. pack's financial disclosures, it's possible that up to 75% of it, millions of dollars, went straight to mr. pack and his wife gina. what you see on this chart, as was suggested in the debate the other day, is not normal. it is not normal. it is -- this is not the standard. this is not how it is done in the industry....
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there's a couple of things remember the that there is a still a big disconnect between the way the i.r.s. views cryptocurrency and the way the rest of the world these crypto currency so here in the u.s. when we talk about crypto currency we refer to it as a currency an actual exchange of value the same as with the do. dollar and that's an exchange of value and so that's how the general public views cryptocurrency the i.r.s. use crypto currency as property or as a as a as an asset so if you say i'm going to purchase you know some bitcoin today the i.r.s. says you just purchased property not that you that you're trading currency so there is a big kind of disconnect between the way the government in this country and government agencies view cryptocurrency versus the way that it's viewed on these platforms so even though or a pay pal is treating it like you know any crypto currency like it is a currency but i also want to say very quickly to christie's point i think this is important you know she was mentioning that there is kind of a standard view of how it should be for if you're a purist
there's a couple of things remember the that there is a still a big disconnect between the way the i.r.s. views cryptocurrency and the way the rest of the world these crypto currency so here in the u.s. when we talk about crypto currency we refer to it as a currency an actual exchange of value the same as with the do. dollar and that's an exchange of value and so that's how the general public views cryptocurrency the i.r.s. use crypto currency as property or as a as a as an asset so if you say...
SFGTV: San Francisco Government Television
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Jun 1, 2020
06/20
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just as a note here, the i.r.s. is not requiring employer groups or those leading the group to make those changes. it's completely up to the employer and it's on a go forward basis. and it does have to -- if you decide to do these -- you have to make sure to follow the non-discrimination rules. that means that you can't just give it to one group to be eligible and not others. next slide, please. we will be implementing this with a communication plan, mostly web-based meeting with the department, personnel officers within the city, emails and we'll be working with our other employer groups and the superior court so they can apply and send these notices out -- or a notice about this addendum through their communication channels. so basically h.s.s.'s recommendation to the board is that you approve this event and that modifies the two plan documents, our section 125 cafeteria plan and the sfhss rules to make them consistent with the notices from the i.r.s. and those allow employees and retires who are eligible for bene
just as a note here, the i.r.s. is not requiring employer groups or those leading the group to make those changes. it's completely up to the employer and it's on a go forward basis. and it does have to -- if you decide to do these -- you have to make sure to follow the non-discrimination rules. that means that you can't just give it to one group to be eligible and not others. next slide, please. we will be implementing this with a communication plan, mostly web-based meeting with the...
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Jun 15, 2020
06/20
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CSPAN3
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she was going to challenge the i.r.s. that she was denied the same rights as heterosexual couples did. years later the supreme court decided in her favor. this is the copy of the check she got from the i.r.s. for back payments of of the inheritance taxes plus the interest. here you seize posters of the -- used by up protesters heralding the decision that edith windsor took part in. across the wall you see some iconic figures who 50 years ago would never have been open about that i sexuality. we call this once rejected, now embraced. now you see how lgbt americans, influencer, politician, actor, journalists, people who are much admired for who they are and what they do. here at the newseum, our mission is to promote understanding of the importance of the free press and we hope that more people will come visit because the events at stonewall and the lgbtq rights movement really tells the story of how everyday americans use their first amendment freedoms to rise up, push back and advocate for change and that is what we're he
she was going to challenge the i.r.s. that she was denied the same rights as heterosexual couples did. years later the supreme court decided in her favor. this is the copy of the check she got from the i.r.s. for back payments of of the inheritance taxes plus the interest. here you seize posters of the -- used by up protesters heralding the decision that edith windsor took part in. across the wall you see some iconic figures who 50 years ago would never have been open about that i sexuality. we...
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i found documents belonging to the i.r.s. as to why i handed some of them over to the intelligence service but i kept others off the shelf and yes. i should know that this belong to them. and i asked member i'm a day off in my day will come any i have to take that day. and i yes i don't just want to i love. i. go i found it all in a bank. shadi are also marriage certificates with women who came from who knows where perhaps yazidi when one mile from the job yeah yeah. i would see myself my revenge or be arrested. and this i'm taking revenge for everything that they've done to us. for 3. and a lot of those and yet. i don't think i thought that i thought i could love the job but i mean i know you know i thought i know what i thought. when they're. going to give you that you're going to get. it wrong i ask members can get death certificates but they have to pay for them. with. the same with birth certificates if you've got money you can buy whatever you want. but it will force our children will take revenge as they grow up their
i found documents belonging to the i.r.s. as to why i handed some of them over to the intelligence service but i kept others off the shelf and yes. i should know that this belong to them. and i asked member i'm a day off in my day will come any i have to take that day. and i yes i don't just want to i love. i. go i found it all in a bank. shadi are also marriage certificates with women who came from who knows where perhaps yazidi when one mile from the job yeah yeah. i would see myself my...
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Jun 3, 2020
06/20
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CSPAN2
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pack in tax filings, the i.r.s.in 2011 through 2018, did not accurately disclose a relationship between his nonprofit and his for-profit. when he was asked if in fact there were common officers between the two, he answered, no. when the answer was clearly yes. he did not disclose that his for-profit benefited from the setup of the nonprofit. now, mr. pack did admit to the committee, foreign relations, that he made oversights. well, this is a term he used, oversights. but he has refused to correct his tax filings. mr. pack, when he was renominated in 2020, inaccurately stated in the records to the committee that his tax returns were complete and accurate. he has refused to provide critical documents to the committee, and in that sense to the senate, to examine these significant issues. he's refused to provide the agreements between p.m.i. and manifold, his nonprofit and his for-profit, to examine the propriety of the relationship. he has said simply that those documents are confidential and proprietary. but here's th
pack in tax filings, the i.r.s.in 2011 through 2018, did not accurately disclose a relationship between his nonprofit and his for-profit. when he was asked if in fact there were common officers between the two, he answered, no. when the answer was clearly yes. he did not disclose that his for-profit benefited from the setup of the nonprofit. now, mr. pack did admit to the committee, foreign relations, that he made oversights. well, this is a term he used, oversights. but he has refused to...
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the i.r.s. for exactly it's easy it's easy enough to to get those checks to those people from existing base if you think payroll and it would have taken out a lot of the government discretion and a lot of the political problems that you that you've raised so denmark norway did that even the conservative government of johnson says the tories covered about 80 percent of salaries up to $30000.00 pounds so that to me would have been a much better way to go of course as the economy recovers you do want to wean people off point is that if you are the one responsible for throwing people out of course then i think there is a moral obligation to make sure that they they are compensated for that and likewise in regard business as i say you don't want to create a profit windfall but there is a a constitutional clause in the us constitution that the takings provision which assumes that which mandates that you compensate. for any of the sustain which as a result of government action now i don't think you can
the i.r.s. for exactly it's easy it's easy enough to to get those checks to those people from existing base if you think payroll and it would have taken out a lot of the government discretion and a lot of the political problems that you that you've raised so denmark norway did that even the conservative government of johnson says the tories covered about 80 percent of salaries up to $30000.00 pounds so that to me would have been a much better way to go of course as the economy recovers you do...
SFGTV: San Francisco Government Television
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Jun 8, 2020
06/20
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just as a note here, the i.r.s. is not requiring employer groups or those leading the group to make those changes. it's completely up to the employer and it's on a go forward basis. and it does have to -- if you decide to do these -- you have to make sure to follow the non-discrimination rules. that means that you can't just give it to one group to be eligible and not others. next slide, please. we will be implementing this with a communication plan, mostly web-based meeting with the department, personnel officers within the city, emails and we'll be working with our other employer groups and the superior court so they can apply and send these notices out -- or a notice about this addendum through their communication channels. so basically h.s.s.'s recommendation to the board is that you approve this event and that modifies the two plan documents, our section 125 cafeteria plan and the sfhss rules to make them consistent with the notices from the i.r.s. and those allow employees and retires who are eligible for bene
just as a note here, the i.r.s. is not requiring employer groups or those leading the group to make those changes. it's completely up to the employer and it's on a go forward basis. and it does have to -- if you decide to do these -- you have to make sure to follow the non-discrimination rules. that means that you can't just give it to one group to be eligible and not others. next slide, please. we will be implementing this with a communication plan, mostly web-based meeting with the...
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time of graham fell mark allen the technical director of senate sex one of the companies who fit the i.r.s. $5000.00 it was then material they said they missed describe the results of it in a test because it didn't meet the criteria to be limited combustibility i would start i can't speak about that because i might prejudice the inquiry well number one an inquiry doesn't involve a jury so you can't prejudice it and the way in which the community has also been muzzled about speaking about these things these companies have enjoyed invisibility rarely seen i have to say and i feel with the exception of yourself obviously with the exception of rags martello i.t.v. with the exception of even some work done at sky news and of course the amazing inside housing we have not seen the media take these companies to toss the way they should have 72 people died and nobody knows the names of these companies i know campaign as myself who lost family members who have been blacklisted for the past 3 years able to work they have attempted to get jobs and been told that their name has been flagged why has the
time of graham fell mark allen the technical director of senate sex one of the companies who fit the i.r.s. $5000.00 it was then material they said they missed describe the results of it in a test because it didn't meet the criteria to be limited combustibility i would start i can't speak about that because i might prejudice the inquiry well number one an inquiry doesn't involve a jury so you can't prejudice it and the way in which the community has also been muzzled about speaking about these...
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putting prison riot police out there is a even crazier ok so what are you saying we should defund the i.r.s. police defund the u.s. men please defund the bureau of engraving and printing police yet do not follow the horn of the law yet defund the thank you naomi's. so now it's time to talk about some of our other developing stories here with me is her dad correspondent natalie mcgill. doris' you got for us well yeah so there are states and cities across the country that are already trying to do some reforms following the protests over georgia and brianna taylor and countless other names and yeah exactly so in new york state for example they're actually going to make police disciplinary records public which is reversing a decades old law that frankly never should have been on the books it's kind of the equivalent of like a teacher helping a student hide their bad report card for you. if you're like a dumb kid and you steal something from a store that's on your record forever or you get cops can like kill a dude and it's not and that's the way i see it yeah also in new york lawmakers are plan
putting prison riot police out there is a even crazier ok so what are you saying we should defund the i.r.s. police defund the u.s. men please defund the bureau of engraving and printing police yet do not follow the horn of the law yet defund the thank you naomi's. so now it's time to talk about some of our other developing stories here with me is her dad correspondent natalie mcgill. doris' you got for us well yeah so there are states and cities across the country that are already trying to do...
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i found documents belonging to the i.r.s. as to why i handed some of them over to the intelligence service but i kept others off the shelf and yes. i should know that this belong to them. and i asked member i'm a dawson id they'll come any i have to take that day. and i . don't just want to i love. i. have found it all in a bank. there they are also marriage certificates with women who came from who knows where perhaps yazidi women might be yeah yeah. when i see myself my revenge will be arrested. i know i'm taking revenge for everything that they've done to us. and we'll live no and that. ended badly i don't think i've got that right out of the. oh i thought i was. going to run they're. going to every time they're trying to get. it wrong i ask members can get death certificates but they have to pay for them. with. the same with birth certificates if you've got money you can buy whatever you want. but of course our children will take revenge as they grow up their hatred will grow with them. only think what do i want i don't w
i found documents belonging to the i.r.s. as to why i handed some of them over to the intelligence service but i kept others off the shelf and yes. i should know that this belong to them. and i asked member i'm a dawson id they'll come any i have to take that day. and i . don't just want to i love. i. have found it all in a bank. there they are also marriage certificates with women who came from who knows where perhaps yazidi women might be yeah yeah. when i see myself my revenge will be...
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yes a lot of times i found documents belonging to the i.r.s. as to why i handed some of them over to the intelligence service but i kept others off the shovel yet. i should know that this belong to them. and i asked member i'm a day off in my day will come any i have since that day. and i asked. this one to my luck. i. have found it all in a bank this. are also marriage certificates with women who came from who knows where perhaps yazidi when one mile from the job yeah yeah. i would see myself my revenge or be arrested. and this i'm taking revenge for everything that they've done to us. and they've got. a lot of those and never let me get me i don't think i've got that i've got out of the job want to go i thought i wouldn't die so. that you can do better than the time. i ask members can get death certificates but they have to pay for them. with. the same with birth certificates if you've got money you can buy whatever you want to. have on your full stop. but of course our children will take revenge as they grow up their hatred will grow with th
yes a lot of times i found documents belonging to the i.r.s. as to why i handed some of them over to the intelligence service but i kept others off the shovel yet. i should know that this belong to them. and i asked member i'm a day off in my day will come any i have since that day. and i asked. this one to my luck. i. have found it all in a bank this. are also marriage certificates with women who came from who knows where perhaps yazidi when one mile from the job yeah yeah. i would see myself...
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yes i found documents belonging to the i.r.s. i handed some of them over to the intelligence service but i kept others to shove yes. i should know that this belong to them. and i asked member i'm a dawson id not come any i have to take that day. away i guess i don't just want to get my luck. i. just. found it all in a bank. 30 there are also marriage certificates with women who came from who knows where perhaps your city women might be yeah yeah. i went to myself my revenge and should be arrested. i know i'm taking revenge for everything that they've done to us. that they've. received. and a lot of doubt and yet. i think that i don't somehow feel that i've got out of this job what i mean i don't i thought i was. standing right there. then you can do better than the time to get. it wrong i ask members can get death certificates but they have to pay for them. we thought it was the same with birth certificates if you've got money you can buy whatever you want to. have on your full stop. but of course our children will take revenge a
yes i found documents belonging to the i.r.s. i handed some of them over to the intelligence service but i kept others to shove yes. i should know that this belong to them. and i asked member i'm a dawson id not come any i have to take that day. away i guess i don't just want to get my luck. i. just. found it all in a bank. 30 there are also marriage certificates with women who came from who knows where perhaps your city women might be yeah yeah. i went to myself my revenge and should be...
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i know he is a son of the i.r.s. they've done dreadful things to us but still he is my son and of course i think of him but i have no idea where he is and have you tried to find out. best i could yes what's his name. and i wanted to give him a z d name but i wasn't allowed to know his name is. do you remember what he looks like yes. i. mean sure i can't talk about it anymore it's too hard. even after the collapse of i as a self-proclaimed caliphate tens of thousands of women are still raising the children of i ask fighters' children conceived to serve the jihad. that's about it historically a lot of aggressive regimes have banked on high birth rates napoleon pursued this strategy so did the nazis before women had to produce a lot of children the same is true of i yes. but unlike the nazis who were seeking racial purity. yes is pursuing an agenda of ideological and religious purity the depths of the do rich images got me that sound of sunday off the fish and chips and dresses it doesn't matter to them whether it's a c
i know he is a son of the i.r.s. they've done dreadful things to us but still he is my son and of course i think of him but i have no idea where he is and have you tried to find out. best i could yes what's his name. and i wanted to give him a z d name but i wasn't allowed to know his name is. do you remember what he looks like yes. i. mean sure i can't talk about it anymore it's too hard. even after the collapse of i as a self-proclaimed caliphate tens of thousands of women are still raising...
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Jun 30, 2020
06/20
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the rc-135 is a core component of the air force's i.r.s.'s system and will be for the foreseeable future. but as we enter newly contested environments, we need to think creatively about integrating platforms like the rc-135 into new i.r.s. networks. i i included new legislation that would include -- based on combatant commander demand with details about the planned integration of the i.r.c. program with networks like the a.b.m.s. this provision would task the department of defense with exploring the conversation of retiring kc-135 aircraft into the highly sought after rc-135 to grow the i.s.r. capability. we also face a broader issue with the size and the age of our nation's air force, which is why i included language encouraging growth to meet the air force we need target of 386 operational squadrons. offad air force base in nebraska houses the air force fleet of b-4 aircraft which serves as the national airborne operation center and plays a key role in our nuclear command, control, and communications architecture. the naoc provides a highl
the rc-135 is a core component of the air force's i.r.s.'s system and will be for the foreseeable future. but as we enter newly contested environments, we need to think creatively about integrating platforms like the rc-135 into new i.r.s. networks. i i included new legislation that would include -- based on combatant commander demand with details about the planned integration of the i.r.c. program with networks like the a.b.m.s. this provision would task the department of defense with...
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Jun 4, 2020
06/20
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for that matter the i.r.s., the e.p.a., and the f.d.a., who will determine which protesters are richestriboflavin. these federal tactics are sending a loud and clear message to local police forces, too, who have been coming down hard on peaceful protests. cops have been meeting unarmed protesters while decked out in full military riot gear. like yesterday in d.c., where masked troops stood guard outside the lincoln memorial, to which lincoln replied, "oh, now you're gonna protect me? a little late, fellas! i hope everyone enjoyed the end of the play!" too soon? too soon? that is a heartbreaking image. the lincoln memorial is an historic site for peaceful protest. it's where the women's march started in 2018. it's where martin luther king jr. delivered his "i have a dream" speech. it's where forrest gump reunited with jenny after returning from vietnam. they were like peas and carrots again! it was so beautiful! and that wasn't the only display of massive force in d.c. large armored military vehicles drove down the streets of the nation's capitol. secretary esper, do you see where we're
for that matter the i.r.s., the e.p.a., and the f.d.a., who will determine which protesters are richestriboflavin. these federal tactics are sending a loud and clear message to local police forces, too, who have been coming down hard on peaceful protests. cops have been meeting unarmed protesters while decked out in full military riot gear. like yesterday in d.c., where masked troops stood guard outside the lincoln memorial, to which lincoln replied, "oh, now you're gonna protect me? a...
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Jun 20, 2020
06/20
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ALJAZ
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farther and farther away from not just based on it terminations but because of this response to the i.r.s. and also. about. melanie sloan their former federal prosecutor speaking to us from great to get your insights here on out of there melanie thank you. well as we've been saying it is an election year and president trump is preparing to hold his fast campaign rally since the crowd of outbreak and some residents and businesses try to stop saturday's events in tulsa i have a concerns it could wesson the pandemic but oklahoma's top court says it can go ahead but as rob reynolds reports the president's decision to hold the rally in a city which the one of the west racial attacks in u.s. history has provoked widespread anger. supporters of president donald trump have camped out for days outside the arena in tulsa whether by choice or lack of historical knowledge president trump has chosen to kick off his reelection campaign in a city notorious for racist violence and mass murder in 1021 tolls as prosperous greenwood neighborhood was known as black wall street when rumors spread about an enc
farther and farther away from not just based on it terminations but because of this response to the i.r.s. and also. about. melanie sloan their former federal prosecutor speaking to us from great to get your insights here on out of there melanie thank you. well as we've been saying it is an election year and president trump is preparing to hold his fast campaign rally since the crowd of outbreak and some residents and businesses try to stop saturday's events in tulsa i have a concerns it could...
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Jun 3, 2020
06/20
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CNBC
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hell's gonna happen-- >> here's what you get to do, you get to go to sleep at night and know that your i.r.sd. you get to go to sleep at night and know that your payables are paid. you get to go to sleep at night and know that you're actually gonna make money. i'm gonna do whatever it takes to put a manager in charge that meets my standards so that you don't have to be there seven days a-- >> i don't like surprise like this! >> well, you know what? you're gonna continue to be surprised. you're also gonna be surprised when you get a check at the end of the year and you can actually put it in the bank. >> that's enough, you're out of here, you're gone. it's my company. >> yeah. >> you don't like it? get out. okay, if i-- >> you're a minority partner. i'm 100% in charge. when you took my check and you agreed that i'd have 51%, and i told the employees that i was 100% in charge, i wasn't kidding! >> you better be right. you better be right. you better be right. >> i know i'm right. >> because if not, ali and i are [bleep]. we-we--walking back on the street. we lose our home. we lose our cars. we
hell's gonna happen-- >> here's what you get to do, you get to go to sleep at night and know that your i.r.sd. you get to go to sleep at night and know that your payables are paid. you get to go to sleep at night and know that you're actually gonna make money. i'm gonna do whatever it takes to put a manager in charge that meets my standards so that you don't have to be there seven days a-- >> i don't like surprise like this! >> well, you know what? you're gonna continue to be...
SFGTV: San Francisco Government Television
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Jun 10, 2020
06/20
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SFGTV
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the i.r.s. rules and a drop in revenue. we're clearly in the semiclosed or totally closed situation. and any revenues through the end of the year, in that period for employees under 100, you can get up to a 50% credit from our friends at the i.r.s. so payroll taxes that we've paid. it's interesting to note that this applies -- you can apply for a refund for anything paid starting from pay dates of marc. so we finally did the math on that a couple of days ago. and i realized, wow, i could get some money back that's not earmarked for anything. it could be used to pay payables, things that, you know, we have to pay, mostly payables to get that going again. and then when we bring people back, we'll be able to keep counting up to $5,000. so up to somebody earning $10,000 in payroll for, you know, the next couple of quarters. and i think this is something we need to try to communicate. it's complicated. i spent a lot of time with mission local yesterday trying to explain it to them. it took me a while to understand it. but again
the i.r.s. rules and a drop in revenue. we're clearly in the semiclosed or totally closed situation. and any revenues through the end of the year, in that period for employees under 100, you can get up to a 50% credit from our friends at the i.r.s. so payroll taxes that we've paid. it's interesting to note that this applies -- you can apply for a refund for anything paid starting from pay dates of marc. so we finally did the math on that a couple of days ago. and i realized, wow, i could get...
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Jun 3, 2020
06/20
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CSPAN2
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by, yes, helping the individual through unemployment insurance and direct checks from the i.r.s., but also helping our businesses. for small businesses we created new tools. for larger businesses we had loans. i was proud to be part of a task force that was charged with developing the tools for small business. i want to thank my partner senator shaheen for her incredible help and leadership in crafting the programs of the paycheck protection program and also i might say, mr. president, also dealing with the economic injury disaster loan grant program which was new and a loan forgiveness program. we did this working with senator rubio and senator collins. it was truly bipartisan. we did it in a matter of literally a few days, a week or so. and we were able to get this program crafted in a way that it provided incredible relief to the small businesses of our country. so today what is the record? 4.4 million loans have been issued under the paycheck protection program. $510 billion has been made available to small businesses in this country. it has literally been a lifeline allowing smal
by, yes, helping the individual through unemployment insurance and direct checks from the i.r.s., but also helping our businesses. for small businesses we created new tools. for larger businesses we had loans. i was proud to be part of a task force that was charged with developing the tools for small business. i want to thank my partner senator shaheen for her incredible help and leadership in crafting the programs of the paycheck protection program and also i might say, mr. president, also...
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Jun 9, 2020
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but the guidance recently issued by the i.r.s. said the opposite. well, it's fair to say that this has led to confusion and frustration among many, and congress needs to take action to eliminate the misunderstanding. last month i introduced a bill to make clear that small businesses can still deduct their expenses that were paid for with a forgiven paycheck protection loan for their taxes. now, i know this is an unusual circumstance, but isn't the pandemic the most unusual circumstance we've experienced in our lifetime? and it calls for extraordinary measures, and i believe under the circumstances, trying to get money to these small businesses is necessary. our goal with this loan program was to help them remain solvent and keep their employees on payroll so they can recover as soon as possible. so without this change, the p.p.p. loan will fail to deliver to the maximum on this most basic objective. the bipartisan small business expense protection act will ensure that small businesses have the cash flow they need to survive today and prosper in the
but the guidance recently issued by the i.r.s. said the opposite. well, it's fair to say that this has led to confusion and frustration among many, and congress needs to take action to eliminate the misunderstanding. last month i introduced a bill to make clear that small businesses can still deduct their expenses that were paid for with a forgiven paycheck protection loan for their taxes. now, i know this is an unusual circumstance, but isn't the pandemic the most unusual circumstance we've...