US Treasury Secretary Steven Mnuchin arrives to testify throughout a Home Methods and Means Committee listening to concerning the Fiscal Yr 2021 funds request on Capitol Hill in Washington, DC, March 3, 2020.
Saul Loeb | AFP | Getty Photos
The Treasury is recommending the Trump Administration push again the April 15 tax deadline amid considerations over coronavirus, Treasury Secretary Steven Mnuchin informed reporters on Wednesday.
"We're going to advocate to the president that we enable a delay," he mentioned after talking on Capitol Hill. He appeared earlier than the Home Appropriations Committee on Wednesday, the place he advised pushing again the deadline.
"That can have the affect of placing over $200 billion again into the economic system and that can create a really massive stimulus," Mnuchin mentioned.
The delay can be "for just about all People, not the super-rich, that is our advice," he mentioned.
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