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Treasury Department @USTreasury
It's #ChildTaxCredit day -- today $15 billion in payments went to families of roughly 61 million children. Since July, the advance CTC has provided monthly direct assistance to families to help them cover basic household essentials like food and childcare. https://t.co/UTKX3QuhqI — PolitiTweet.org
Treasury Department @USTreasury
It's #ChildTaxCredit day -- today $15 billion in payments went families of roughly 61 million children. Since July, the advance CTC has provided monthly direct assistance to families to help them cover basic household essentials like food and childcare. https://t.co/UTKX3QuhqI — PolitiTweet.org
Treasury Department @USTreasury
RT @TreasuryDepSec: Today, the 4th monthly #ChildTaxCredit payments were sent to millions of families of roughly 61 million children. Since… — PolitiTweet.org
Treasury Department @USTreasury
Today, @SecYellen and Indian Finance Minister Nirmala Sitharaman met for the eighth U.S.-India Economic and Financial Partnership. Following the dialogue, Secretary Yellen and Minister Sitharaman released a joint statement -- read it here: https://t.co/whsDbNwmzK — PolitiTweet.org
Treasury Department @USTreasury
Earlier today, @SecYellen provided remarks to the @WorldBank's event Making Climate Action Count: Turning Action into Reality. Read the full remarks here: https://t.co/3j5uk6gXyn — PolitiTweet.org
World Bank Climate @WBG_Climate
“No amount of public financing alone will be sufficient to meet the goals of the Paris Agreement. Private capital w… https://t.co/iF8Q5oAtok
Treasury Department @USTreasury
It's unsurprising that substantial resources are being used to defeat these reform efforts, because wealthy tax cheats stand to lose from a fairer tax system. This reporting proposal can help ensure wealthy evaders finally contribute fairly—just like American workers already do. — PolitiTweet.org
Treasury Department @USTreasury
For working Americans, this proposal won’t change a thing about how they interact with their bank or the IRS. If anything, it will make them less likely to be the target of an audit since the IRS will be able to focus their resources elsewhere. — PolitiTweet.org
Treasury Department @USTreasury
Any additional IRS scrutiny will be focused on the high end of the income earners, where it belongs—that’s who is driving the tax gap. Audit rates will not rise relative to recent years for taxpayers making less than $400,000 per year. — PolitiTweet.org
Treasury Department @USTreasury
Why is this info on inflows & outflows key to closing the tax gap? Because currently the IRS has no way to identify high end taxpayers who aren’t being honest about how they earn income & are instead exploiting this loophole. — PolitiTweet.org
Treasury Department @USTreasury
The financial reporting proposal would direct banks to add a bit of extra data to info they already supply to taxpayers & the IRS: how much total $ went into the account over the course of the year, & how much came out. — PolitiTweet.org
Treasury Department @USTreasury
In 2019, the top 1% of earners were responsible for estimated $163 billion in unpaid taxes. High-income earners often accrue business or pass-through income that is not reported by a 3rd-party to the IRS, so taxes are less likely to be appropriately paid. https://t.co/O5jq5w9H2H — PolitiTweet.org
Treasury Department @USTreasury
This important reporting reform proposal is a centerpiece of the Build Back Better agenda & will help the IRS determine whether high-income taxpayers with shady sources of income are paying taxes they owe. Currently, evasion rates can reach 50%+ for these high-end earners. — PolitiTweet.org
Treasury Department @USTreasury
The financial reporting proposals under consideration do not include any info about transactions or what taxpayers buy. Period. The IRS will receive no information whatsoever, and will have no ability whatsoever, to track transactions under this proposal. — PolitiTweet.org
Treasury Department @USTreasury
Misinformation is circulating about financial reporting proposals that would help the IRS ensure tax fairness. One myth: The IRS will see every individual transaction in bank accounts. This is false. We're publishing a blog today to deliver the facts: https://t.co/26NaIBnb9N — PolitiTweet.org
Treasury Department @USTreasury
Today, @SecYellen addressed the International Monetary and Financial Committee (IMFC) and the Development Committee at the Annual Meetings of the @IMFNews & @WorldBank Read her remarks: https://t.co/dpn8DtYnod — PolitiTweet.org
Treasury Department @USTreasury
Today, @SecYellen reconvened the leaders of several multilateral development banks (MDBs) to follow-up on a July meeting where she urged the MDBs to align portfolios w/ Paris Agreement goals & to redouble efforts to mobilize private capital for climate. https://t.co/pEIt3846Uc — PolitiTweet.org
Treasury Department @USTreasury
RT @TreasuryDepSec: "Treasury’s commitment does not begin & end w/ COVID-19. Long before a single person was infected w/ coronavirus, Triba… — PolitiTweet.org
Treasury Department @USTreasury
Earlier today, @SecYellen gave remarks to the #TedCountdown Summit on #climate & discussed 5 categories of actions being taken in the US to combat climate change. Read the full remarks here: https://t.co/fuuTN3oFfz — PolitiTweet.org
Treasury Department @USTreasury
1,400+ transportation companies that have been hard-hit by the pandemic received grants from the Office of Recovery Program's CERTS program today. - All 50 states represented - 93% are small businesses - 33%+ are minority-owned businesses Read more: https://t.co/9gQp9syJue — PolitiTweet.org
Treasury Department @USTreasury
"As of this morning, virtually the entire global economy has decided to end the race to the bottom on corporate taxation." Read @SecYellen's full statement on the OECD Inclusive Framework Announcement: https://t.co/PHpnXETKeT — PolitiTweet.org
Treasury Department @USTreasury
RT @SecYellen: Today’s agreement represents a once-in-a-generation accomplishment for economic diplomacy. We’ve turned tireless negotiation… — PolitiTweet.org
Treasury Department @USTreasury
Today, @SecYellen addressed the #B20Italy Summit, discussing top priorities for the upcoming international meetings, including ending the pandemic and securing an inclusive recovery, urgently fighting climate change, and international taxation. Read more: https://t.co/pz1VSVvy55 — PolitiTweet.org
Treasury Department @USTreasury
Today, as part of the whole of government approach to addressing climate change, we released our Climate Action Plan. It lays out efforts to bolster adaptation & increase resilience of Treasury facilities & operations to the impacts of climate change. https://t.co/DWkwngRm9T — PolitiTweet.org
Treasury Department @USTreasury
“This is an urgent matter which must be resolved immediately.” @SecYellen joined @POTUS and business leaders today to discuss the urgency of the debt limit situation. Read her full statement: https://t.co/gwxCxd1m4T — PolitiTweet.org
Treasury Department @USTreasury
Earlier today, Treasury's Office of Foreign Assets Control (OFAC) designated Mexican nationals, working with the government of Mexico to sanction CJNG members operating through the Port of Manzanillo. Read more: https://t.co/ugNTgQNWnh — PolitiTweet.org
Treasury Department @USTreasury
"I'm not sure whether I would be in my job today if I didn't have an excellent babysitter 40 years ago." @SecYellen discusses her family's experience with childcare and the important part childcare plays in our economy. https://t.co/HRI8xJBh16 — PolitiTweet.org
Treasury Department @USTreasury
"This has long been done on a bipartisan basis." @SecYellen discusses raising the debt ceiling today on CNBC's Squawk Box. https://t.co/m5S2Mt3vWf — PolitiTweet.org
Treasury Department @USTreasury
"All of these initiatives are important for our economy to be able grow." @SecYellen joined CNBC's Squawk Box this morning and discussed elements of the Build Back Better agenda. https://t.co/wxGTjHPxxW — PolitiTweet.org
Treasury Department @USTreasury
“Better tax enforcement will advance the interests of honest taxpayers, who deserve to know others are paying what they owe, and honest business owners, who face unfair competition from tax cheats.” Fmr Secretary Jack Lew on improving tax enforcement: https://t.co/3f5ze01ZJX — PolitiTweet.org
Treasury Department @USTreasury
Today, @SecYellen participated in a productive virtual meeting with her G7 finance minister counterparts to convene on ongoing efforts to improve the int'l tax system to make it equitable & equipped to meet the needs of the 21st century global economy. https://t.co/WSugEdCpjR — PolitiTweet.org
