Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

IRS has $11.4B of Treasury's $12.5B budget

|
|
 
  
U.S. President George W. Bush with U.S. Secretary of Treasury Henry Paulson, makes a statement on the economic stimulus package passed by the U.S. Congress today during a briefing at the White House in Washington, on January 24, 2008. Congressional leaders and the White House reached a tentative agreement on an economic stimulus package of roughly $150 billion that would pay stipends of $300 to $1,200 per family and provide tax incentives for businesses to encourage spending. (UPI Photo/Shawn Thew/Pool) 
License photo
Published: Feb. 4, 2008 at 1:56 PM

WASHINGTON, Feb. 4 (UPI) -- The U.S. Treasury Department budget allocation reflects its views on economic growth, national security and fiscal discipline, the department said.

The Treasury appropriations request is $12.5 billion, an 3.8 percent increase over its current budget of $12 billion.

"The President's proposed budget for Treasury supports the Department's pro-growth priorities and commitment to promoting economic growth and stability, and ensuring the safety, soundness, and security of the U.S. and international financial systems," Treasury Secretary Henry M. Paulson said in a news release.

The budget requests $11.4 billion for the Internal Revenue Service, up 4.3 percent from the current year, so the IRS can expand enforcement and improvements in taxpayer service, Paulson said.

The department is seeking $11 million for its Office of Terrorism and Financial Intelligence marshals, including $5.5 million for the Financial Crimes Enforcement Network to manage the Bank Secrecy Act.

Topics: Henry M. Paulson
Recommended Stories
© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Notable deaths of 2012 Scripps National Spelling Bee AmfAR Cinema Against AIDS gala
Indianapolis 500 Presidential Medal of Freedom Memorial Day around the nation
Additional Top News Stories
1 of 27
Snigdha Nandipati of San Diego wins Finals of the Scripps National Spelling Bee
View Caption
Snigdha Nandipati of San Diego, California watches confetti rain down as she wins the two-day Scripps National Spelling Bee championship, May 31, 2012, in National Harbor, Maryland. Nandipati successfully spelled the word .* guetapens *, meaning to lure or ambush. UPI/Mike Theiler
fark
If your neighbors ask if you and your wife are into swapping and suggest having a swapping party...
It's a lie
The hot new baffling non sequitur: Marrying yourself, complete with vows and ceremony. Subby is...
Hutt robbery "cowardly." Oh, so I suppose hiring intergalactic bounty hunters is the paragon of...
Across America, more and more cities are trying to regulate garage sales. In other news, some people...
Bank robber caught hiding during a game of duct, duct, goose