Washington, DC (July 15, 2020) — Today is the deadline for filing federal tax returns. Tax Day
On March 17, Bloomberg reported that Al
Mr. Ortiz released the following statement today:
“During the early days of the pandemic, one of the most important decisions by the Administration was delaying the tax deadline by three months. This was a top priority for the small business community, and I conveyed that to Secretary Mnuchin who took immediate action. Combined with the Payroll Protection Program (PPP) which saved 51 million jobs, delaying the tax deadline was critical to the President’s successful coronavirus relief efforts. Now that Tax Day is upon us, it’s important to remember that Americans are paying fewer taxes thanks to President Trump and his historic Tax Cuts and Jobs Act. This legislation cut the unemployment rate to its lowest level in generations, doubled wage growth (with blue-collar workers making the biggest gains), and fueled the stock market to record heights. The pandemic is a temporary setback, and we are poised to enjoy a ‘V-shaped’ recovery, thanks in large part to the President’s leadership. To keep the momentum going, we need Congress to pass a temporary, targeted payroll tax cut for businesses with less than 100 employees. The President has consistently called for a payroll tax cut, and now is the time to make it happen.”
Mr. Ortiz’s op-ed, Thank tax cuts on tax day, was published by Hotelier. To read it, click here.