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[inaudible conversations] [inaudible conversations] the committee will come to order. Before we began i now, i know speak for anyone here when i wish our Ranking Member a belated happy birthday yesterday. And lets have some cake later so lets celebrate. But late happy birthday. We appreciate serving with you. Thank you, commissioner werfel, for appearing before the ways and Means Committee a little earlier than usual this year. We have a lot to go over with use appreciate you answering the request of our members to come before the Committee Early this year. First, as it pertains to the current 2023 tax Filing Season i want to thank you and your team for the Technical Work to ensure the quick and without delay ....
already big changes are being made to the bill s final form. let s get right to cnn s manu raju live on capitol hill. manu, walk us through the process. reporter: democrats are trying to get to final passage of this bill after this marathon voting session that started at 11:30 p.m. eastern time last night. it is still ongoing. there have not been any breaks. it s unclear exactly how this is going to play out because there has been some last-minute drama that s affected senate democrats ability to get to final passage, this dealing with the issue of the corporate minimum tax, a 15% tax that would be imposed on businesses with more than $1 billion in income. that is a central component in this bill that would help pay for a number of the provisions dealing with health care and climate change, energy issues and the like. but there has been some concerns from senator kyrsten sinema about the 15% corporate minimum tax and its impact on some businesses that may make less t ....
oil prices have risen before today s meeting of the cartel of oil producing nations, as ministers prepare to set targets for the summer, a time of what will be rising demand across europe and the us. this is their first meeting since the eu imposed sanctions on russian crude. the group is under pressure to exclude russia, the world s third largest oil producer, from future producton quotas. it would be a move that could pave the way for saudi arabia and the uae to pump more oil. here s our middle east business correspondent, sameer hashmi. opec plus is opec plus is expected opec plus is expected to opec plus is expected to stick opec plus is expected to stick to its current policy of making a modest increase in production which translates to a little over 400,000 barrels of oil per day. this is in line with the opec plus agreement that was signed between the members in 2021. but the question that will be on the table and under the spotlight is what will opec plus do aft ....
This house appropriation this House Appropriations subcommittee hearing on the 2025 budget is about two hours. [inaudible conversations] close a door please. Thank you. The subcommittee on Financial Services and general government will come to order. I would likee to welcome irs commissioner werfel, the first time youve appeared before the subcommittee will look for to discussing the irs fiscal year 2025 budget submission. This is also my first hearing as chairman of the subcommittee and im looking forward to conducting this oversight with the agencies under the subcommittee jurisdiction Whose Mission and backs the everyday lives of hardworking americans in my district and across the nation. Its my duty to ensure the agency including i was to not unfairly target americans and auditing their taxes, overseen to pr ....
[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. Before we began i now, i know speak for anyone here when i wish our Ranking Member a belated happy birthday yesterday. And lets have some cake later so lets celebrate. But late happy birthday. We appreciate serving with you. Thank you, commissioner werfel, for appearing before the ways and Means Committee a little earlier than usual this year. We have a lot to go over with use appreciate you answering the request of our members to come before the Committee Early this year. First, as it pertains to the current 2023 tax Filing Season i want to thank you and your team for the Technical Work to ensure th ....