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Treasury Department @USTreasury
RT @TreasuryDepSec: Today, we remember those who we lost 20 years ago and pay tribute those who served in the conflicts that came after, th… — PolitiTweet.org
Treasury Department @USTreasury
Treasury Climate Advisor John Morton joined Yahoo Finance today to discuss tools that Treasury is looking to use to mitigate climate change, and align with the economic opportunity embedded in the transition to a net zero economy. https://t.co/pb3JfE1n3A — PolitiTweet.org
Treasury Department @USTreasury
Earlier today, @SecYellen participated in a virtual meeting with the G7 finance ministers. Read more: https://t.co/Bn2a3QfMgu — PolitiTweet.org
Treasury Department @USTreasury
Instead, giving the IRS info and resources will level the playing field & enable tax enforcement to be concentrated where it belongs: on high earners and corporations who currently do not make good on tax obligations that are part of America's social contract. — PolitiTweet.org
Treasury Department @USTreasury
It's equally important to understand what these proposals are not: They are not about using bank account info for average Americans to increase IRS scrutiny. @POTUS has been clear: audit rates will not rise for those with under $400K in annual income. — PolitiTweet.org
Treasury Department @USTreasury
Additional revenue from enforcing tax laws that are currently on the books could be used to make transformational investments that are essential for sustained economic growth: education, childcare, infrastructure, housing, and more. — PolitiTweet.org
Treasury Department @USTreasury
For the IRS to appropriately enforce tax laws against high earners and large corps, it needs adequate funding and info about opaque income streams. Current Administration proposals will do just that. — PolitiTweet.org
Treasury Department @USTreasury
Today's under-resourced IRS is unable to collect 15% of taxes that are owed. Strikingly, as the IRS budget has declined, audit rates have fallen across the board, but they’ve decreased more in the last decade for high earners than for Earned Income Tax Credit (EITC) recipients. — PolitiTweet.org
Treasury Department @USTreasury
For ordinary wage and salary income, tax compliance is nearly perfect. For opaque income streams that accrue disproportionately to the wealthiest, the IRS often lacks important information needed for enforcement & tax noncompliance can be above 50%. https://t.co/V7LKpUl8Kp — PolitiTweet.org
Treasury Department @USTreasury
Why does misreporting rise w/ income? In part, higher-income taxpayers have ability to use highly-paid experts to shield income from its true tax liability. But also because of the info that the IRS has access to... — PolitiTweet.org
Treasury Department @USTreasury
Today’s tax code operates by 2 sets of rules: One for regular wage & salary workers who report virtually all income they earn, another for the wealthy who often avoid a large share of owed taxes. Academic estimates suggest +$160B lost/yr from taxes the top 1% choose not to pay. https://t.co/plDX8aDU9A — PolitiTweet.org
Treasury Department @USTreasury
NEW from the Treasury policy team: The Case for Attacking the Tax Gap. https://t.co/O5jq5w9H2H The “tax gap”— the difference between taxes that are owed and collected — totals about $600 billion annually and is a major source of inequity. A thread/ — PolitiTweet.org
Treasury Department @USTreasury
Treasury’s Office of Foreign Assets Control (OFAC) is designating 4 Iranian intelligence operatives who targeted a U.S. citizen in the U.S. & Iranian dissidents in other countries as part of a wide-ranging campaign to silence critics of the Iranian govt. https://t.co/srx6yWwcAt — PolitiTweet.org
Treasury Department @USTreasury
To end the day, @TreasuryDepSec attended an event promoting the launch of Hartford's #ChildTaxCredit signup outreach campaign with @MayorBronin, community leaders from @HPLCT & @unitedwayinc, & families receiving CTC relief. Learn about the signup tool at https://t.co/yMuQAVIHQg https://t.co/Pm0P5nK8JJ — PolitiTweet.org
Treasury Department @USTreasury
Then, @TreasuryDepSec traveled to Hartford and heard from owners at Sun Berry Korean café and Story & Soil Coffee-- both businesses received PPP loans this past year-- about ways the Administration can continue supporting #SmallBusinesses and local communities. https://t.co/KVWK1faE45 — PolitiTweet.org
Treasury Department @USTreasury
Connecticut’s ERA program has seen significant improvement after adopting Treasury’s additional flexibilities and increasing its community outreach efforts. To date, Connecticut’s ERA program has distributed $73M in assistance to 13,341 struggling tenants and landlords. https://t.co/5yXJ5ytGws — PolitiTweet.org
Treasury Department @USTreasury
First stop was Middletown, where @TreasuryDepSec joined @GovNedLamont, @RepJahanaHayes, @CTDeptHousing, other state & local officials, renters & landlords for a roundtable discussion on the UniteCT Emergency Rental Assistance program and a tour of the mobile outreach unit. https://t.co/bQcSB2WPyc — PolitiTweet.org
Treasury Department @USTreasury
Today, @TreasuryDepSec was on the move visiting Connecticut to hear more about ways the state is effectively implementing #AmericanRescuePlan programs like Emergency Rental Assistance and the Child Tax Credit. Read more: https://t.co/raoQr8D1k9 https://t.co/lAfjsshHre — PolitiTweet.org
Treasury Department @USTreasury
RT @UNDP_SDGFinance: 📢We are pleased to announce that the @USTreasury's Federal Insurance Office has joined the UN-convened Sustainable Ins… — PolitiTweet.org
Treasury Department @USTreasury
The new https://t.co/yMuQAVIHQg tool is part of ongoing efforts to extend the expanded #ChildTaxCredit program, reach and sign up more families and children, and create permanent mobile tools in multiple languages for families seeking resources. — PolitiTweet.org
Treasury Department @USTreasury
Over the coming weeks, the Administration will host dozens of navigator trainings on the new portal for public sector and community-based organizations seeking to enroll non-filers in the Child Tax Credit https://t.co/qhjRuW3UGW — PolitiTweet.org
Treasury Department @USTreasury
ICYMI: Treasury and @WhiteHouse announced collaboration with @codeforamerica and the launch of the new #ChildTaxCredit sign-up portal. It’s mobile-friendly, and available in English and Spanish. https://t.co/yMuQAVIHQg — PolitiTweet.org
Treasury Department @USTreasury
RT @codeforamerica: 1/ 🚀 Se lanza el portal https://t.co/WEl8ws0dZY en colaboración con @WhiteHouse y @USTreasury. https://t.co/quyNKMDvCS — PolitiTweet.org
Treasury Department @USTreasury
RT @codeforamerica: 1/ 🚀 https://t.co/WEl8ws0dZY portal launches in collaboration with @WhiteHouse & @USTreasury. “This is a historic momen… — PolitiTweet.org
Treasury Department @USTreasury
RT @TreasuryDepSec: Encouraged by states & localities taking up Treasury guidance & refining their Emergency Rental Assistance programs to… — PolitiTweet.org
Treasury Department @USTreasury
RT @CFPB: If you’re struggling to pay your rent and utilities, help may be available. Learn more about the @USTreasury’s Emergency Rental A… — PolitiTweet.org
Treasury Department @USTreasury
Today, @SecYellen, Attorney General Garland, & @SecFudge sent a letter to governors, mayors and state courts urging the use of Emergency Rental Assistance over eviction. Read the letter: https://t.co/Hx6YLKToN4 — PolitiTweet.org
Treasury Department @USTreasury
Yesterday, @TreasuryDepSec convened a roundtable discussion with administrators of Emergency Rental Assistance programs that have seen significant progress over the past months in delivering swifter assistance to struggling landlords & tenants. Read more: https://t.co/Cs0tlYG9hp — PolitiTweet.org
Treasury Department @USTreasury
Renters and landlords looking for info and assistance with rent, utility bills, moving costs, and more can use the “Rental Assistance Finder” to connect with the resources they need to apply or reapply if hardship has continued. https://t.co/PIZPVHwGOM — PolitiTweet.org
Treasury Department @USTreasury
Since January, state & local programs made ~1M payments benefitting households at risk of eviction. In July, +340k households received ~$1.7B in rental & utilities assistance, roughly 15%⬆️compared to June, & x2 the households served in May. But still more progress to be made. — PolitiTweet.org
