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Trump looking to delay tax day over coronavirus

Treasury Secretary Steve Mnuchin told the House Appropriations Committee on Wednesday he would recommend pushing back the April 15 tax deadline in response to the coronavirus outbreak. 

“We think we can provide over $200 billion of liquidity into the economy by delaying certain tax payments,” Mnuchin told the committee. 

It’s unclear if the delay will be affixed to specific taxpayers. Mnuchin says the extension is intended to help “small and medium-sized businesses and hard-working individuals” heavily impacted by the widespread virus. 

The final decision concerning the extension will be made by President Trump. Mnuchin says the Tax Day extension can be rolled out “on an administrative basis” and doesn’t require Congress.

Details of the plan were first reported by The Wall Street Journal late Tuesday.

The move comes after more than 1,000 cases of COVID-19 have been reported in the U.S.  

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