The past 12 months have brought unprecedented challenges not only for the American people, but also for the Internal Revenue Service.

I am extremely concerned about the reports of a backlog of millions of tax returns from last year's filing season that have not yet been processed.

the reason I asked that question is because often in the political discussion of this, what we see in the media at least, is this notion that there are so-called 'loopholes' that taxpayers are taking advantage of.

If congressional intent was really to get these advance payments out at all costs as soon as possible, then the logical approach would have been to simply provide an extra bonus in the Economic Impact Payment of each qualifying low-income…

I am left with the impression that the aggressive July 1st payment deadline imposed by congressional Democrats will be challenging to meet by an IRS staff that is already stretched thin.

I appreciate how the Treasury Department and bipartisan tax leaders in Congress have consistently spoken with one voice.

We have an ongoing debate here in Congress over our tax extenders, as we have come to call them.

Before the Tax Cuts and Jobs Act, we shared a common concern for the many threats to the U.S. corporate tax base.

I challenge anyone to reasonably argue that we should return to the pre-TCJA international tax landscape.

the statutory corporate income tax rate is critical to the United States' competitiveness in the global market.

This is an issue that needs immediate clarity.

I want to encourage you to be very restrictive in terms of the application of this prohibition and give the maximum flexibility to States and local communities as they administer these funds.

I believe Section 602(c)(2)(A) is unnecessary and harmful to states and territories, and have introduced S. 743, the State Fiscal Flexibility Act, to eliminate the problematic and legally questionable provision.

the last thing we should do is put States in a predicament where they could lose the funding that was authorized by Congress to help them just because they want to manage their fiscal policy in a way that might include some reduction of…

We owe them a debt of gratitude. Thank you to the dedicated nursing home workers like Adelina Ramos, one of our witnesses.

We have not had a stable incentive for manufacturing semiconductors in the U.S. for a very long time.

The statutory corporate income tax rate is critical to the U.S.'s competitiveness in the global markets.

I think there is bipartisan agreement that we should not see those expire.

Thank you very much.

But you made a very strong case, I think, that using a relatively high corporate tax rate to offset them would not be good policy.

The manufacturing sector is critical to the U.S. economy.

We have assured that in the way we have approached it.

This is an area of bipartisan interest, and I welcome the opportunity to work with Chairman Wyden on this.

I look forward to working with you on those through regular order.

Thank you, Chairman Wyden. And thank you to all of our witnesses for being here with us today.