Speaking on Capitol Hill Wednesday, Mnuchin said the delay would be a “good stimulus” for small businesses and individuals affected by the economic fallout from the global health crisis.

“We think we can provide over $200 billion of liquidity into the economy by delaying certain tax payments,” Mnuchin said at a House Appropriations Committee hearing.

Treasury officials have been discussing the idea of extending the Internal Revenue Service’s payment deadline as the Trump administration considers measures to relieve economic pressure on citizens, businesses and government agencies dealing with the impact of the virus.

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