We are ready to go now. Take it all for joining the first remote hearing of the subcommittee on select revenue measures. We find ourselves in challenging times as evidenced by this new method of conducting Community Business in accord with the Public Health and safety recommendations. But the challenges we encounter here in congress are small compared to what i hear and see and what i am sure all of you here and see in our communities. Im glad we can move forward into the work that our constituents need given the difficult economic situations in which so many find themselves. The covid19 recession has laid bear the economic struggles of millions of American Families with almost no warning the shutdown claimed tens of millions of jobs, and American Workers and families felt the ground ball from under them. Many had been just barely scraping by and unable to save much for a rainy day, and the sudden loss of income has left them nothing. Food banks are Unprecedented Demand in the country
Commission chamber and city hall is closed. Further more, the mayor and governor have issued emergency orders suspending select laws to commissions and making it possible to hold hearings remotely. The Planning Commission received authorization to reconvene remotely through tend of the shelter in place. The authorization directs the commission to prioritize consideration of action items pertaining to informing, housing and to infrastructure, housing and Small Businesses. I am requesting everyones patience in advance. It is not perfect and at times may appear clumsy. Do not hit any controls that may affect other participants. Sfgov tv is broadcasting and streaming this live and we will receive Public Comment or each item. Sfg is forecast broadcasting and streaming the toll free number across the bottom of the screen. Comment opportunities are available via phone by calling 8882733658 and entering access code 3107452. Press pound and pound again. Once you are connected and when the Publi
U. S. Senate when they return here on cspan2. Next a house ways and means subCommittee Hearing on efforts to provide tax relief to low income workers, minorities, women and families affected by the coronavirus pandemic. Witnesses include representatives from the National Womens law center, Georgetown University poverty and inequality center, the American Enterprise institute and Childrens Health watch at Boston Medical Center. We are ready to go now. Take it all for joining the first remote hearing of the subcommittee on select revenue measures. We find ourselves in challenging times as evidenced by this new method of conducting Community Business in accord with the Public Health and safety recommendations. But the challenges we encounter here in congress are small compared to what i hear and see and what i am sure all of you here and see in our communities. Im glad we can move forward into the work that our constituents need given the difficult economic situations in which so many fin
Millions of families are unsure about their future. All americans have changed their daily lives and are worried about the health of our loved ones. We must thank the thousands of healthcare workers, First Responders, and other essential workers, who are helping us get through this. They are our heroes. I also think all of you for following social distancing guidelines and for following the orders of your own states. While there are many challenges ahead, we are hoping the darkest days may be behind us. Before we move forward, we must get to the truth. The truth is that the response to this pandemic has not been as stellar as the president keeps repeating. The truth is that there is much more that we need to fix now, to get it right. First is testing. Overess worked together six weeks ago to pass legislation for better testing. Despite promises from the administration on testing since the beginning of march, we are still behind on testing. This has hurt our ability to get ahead of the
4000 with more than 200,000 cases of the coronavirus nationwide. Stocks falling yet again. I want to bring in romaine bostick. Is this investors waking up to the fact this is going to be going on indefinitely . Romaine that is what it is. The town changed tone changed yesterday out of washington. The cheerleading ran into the reality we are seeing a growing number of deaths. Where i have at in new york i am at in new york and the visuals on the ground, it is depressing and stark. It is reminder of how much longer we have to work ourselves through this Health Crisis and what that means for the economy. The idea youre seeing more cities and states begin to either impose shutdown orders or impose when they talk about the market response, the market is pricing in recession expectations, the idea the recession is deeper, longer, and the recovery may not be the v shape some were hoping for. Only one stock in the Dow Jones Industrial average, that was jumprt which had about. 4 today. When you