Steve Mnuchin offered a quick fix this morning to a small problem in the Senate GOP’s rescue package that threatened to become a bigger headache. The White House had negotiated a universal tax payment extension in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, but not a filing extension deadline. Rather than amend the bill, Donald Trump used his executive authority to apply the three-month extension to the entire process.
H&R Block will be as pleased as its customers, one imagines:
At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.
— Steven Mnuchin (@stevenmnuchin1) March 20, 2020