Treasury Department

Treasury Department @USTreasury

Communities across the country -especially rural communities & communities of color- need quick access to capital & credit to keep building towards a strong recovery out of the pandemic. @TreasuryDepSec met with @ICBA yesterday to discuss. More here: https://t.co/sdWNAGxXJC — PolitiTweet.org

Treasury Department @USTreasury

.@NewEco4Women is an econ development corporation created & operated by Latina women. @TreasuryDepSec received a tour of Tierra del Sol affordable housing community, located in the Canoga Park area of LA & met with tenants and landlords to discuss experiences participating in ERA — PolitiTweet.org

Treasury Department @USTreasury

Yesterday, @TreasuryDepSec met with Los Angeles tenants, landlords, and @NewEco4Women to discuss how the American Rescue Plan’s Emergency Rental Assistance (ERA) program is helping prevent evictions and ensure housing security in Southern California. https://t.co/roNLo6nCMP — PolitiTweet.org

Treasury Department @USTreasury

Treasury will continue to rapidly distribute ERA funds in the coming months to help keep families in their homes. If you need rental assistance or want more info, visit: https://t.co/VM5WaL95bU. — PolitiTweet.org

Treasury Department @USTreasury

Almost 12 million Americans lack confidence they can make next month’s rent. Evictions can have long-lasting consequences for families—disrupting school, worsening health, displacing neighborhood networks of support, & making it difficult to find affordable housing in the future — PolitiTweet.org

Treasury Department @USTreasury

A part of the #AmericanRescuePlan, this $21.6 billion ERA program was allocated to prevent evictions and ensure basic housing security for millions of Americans impacted by the affordable housing challenges exacerbated by COVID-19. — PolitiTweet.org

Treasury Department @USTreasury

Nearly 7 million Americans reported being behind on rent in the 2nd half of April, & +40% of those renters worry that they could be evicted sometime soon. In response, Treasury has disbursed $6.1 billion through the Emergency Rental Assistance (ERA) program in less than 2 weeks. — PolitiTweet.org

Treasury Department @USTreasury

Looking for rental assistance? Check out Treasury's new Emergency Rental Assistance hub and find information for tenants and landlords in most states, territories, and Tribal communities. https://t.co/SDZjjxKsGL — PolitiTweet.org

Treasury Department @USTreasury

"Achieving net zero emissions will require transformational investments in our energy sector & the broader economy, & the global financial sector will be a crucial player, helping channel capital into investments that green our society." Read more here: https://t.co/6BCqptsjPi — PolitiTweet.org

Treasury Department @USTreasury

We must create an environment in which countries work together to maintain our tax bases and ensure the global tax system is equitable and equipped to meet the needs of the 21st century global economy. More about Treasury global min tax meetings today: https://t.co/UNEOvkCHgi — PolitiTweet.org

Treasury Department @USTreasury

A global corporate minimum tax rate would ensure the global economy thrives based on a more level playing field in the taxation of multinational corporations. It would spur innovation, growth, & prosperity while improving fairness for middle class & working people. — PolitiTweet.org

Treasury Department @USTreasury

RT @USDOL: Unemployment Insurance Weekly Claims Initial claims were 444,000 for the week ending 5/15 (-34,000). Insured unemployment was… — PolitiTweet.org

Treasury Department @USTreasury

Closing the tax gap is about fairness, leveling the playing field, and creating better opportunity for long-term investment in American families. Read the full American Families Plan’s Tax Compliance Agenda here: https://t.co/KzQe9D0oZS — PolitiTweet.org

Treasury Department @USTreasury

These measures are part of @POTUS's recent proposals in the American Families Plan. Experts estimate that these compliance initiatives would raise $700 billion in additional tax revenue over the next decade, revenue that can be used to investment in American children & families. — PolitiTweet.org

Treasury Department @USTreasury

Today, we released a report on tax compliance measures to improve efficiency, raise revenue, & build a more equitable tax system. The proposal prioritizes improving taxpayer service & the experience of Americans as they navigate the tax system, as well as stopping tax evasion. — PolitiTweet.org

Treasury Department @USTreasury

A top cause of the tax gap is insufficient resources. Budget cuts over the past decade have cut IRS capacity to address sophisticated tax evasion efforts. Over this period, audit rates for taxpayers making over $1 million in income have fallen by almost 80%. — PolitiTweet.org

Treasury Department @USTreasury

A recent study found that the top 1% failed to report 20% of their income and failed to pay nearly $175 billion in taxes owed annually. Unpaid taxes come at a cost to American households, compliant taxpayers, and our communities. — PolitiTweet.org

Treasury Department @USTreasury

Nearly $600 billion of taxes went unpaid in 2019. The number will rise to about $7 trillion over the next decade if unaddressed—roughly equal to 15% of taxes owed. And we know that noncompliance is concentrated at the top of the wealth distribution. — PolitiTweet.org

Treasury Department @USTreasury

Treasury is committed to ensuring these resources are disbursed as quickly as possible to eligible state, territorial, metropolitan city, county, and Tribal governments to assist communities as they recover from the pandemic. — PolitiTweet.org

Treasury Department @USTreasury

These funds are being used to: ☑️Support public health expenditures ✅Address negative economic impacts caused by the pandemic ☑️Aid the communities & populations hardest hit by the crisis ✅Provide premium pay for essential workers ☑️Invest in water, sewer, & broadband & more! — PolitiTweet.org

Treasury Department @USTreasury

Just 11 days since launching a $350 billion relief program for states, cities, Tribes and territories, Treasury approved more than 1,500 recipients and disbursed approximately 30% of total resources! https://t.co/ZYoTucYJ3A — PolitiTweet.org

Treasury Department @USTreasury

.@TreasuryDepSec and Mayor Garcia also stopped by @rainbowjuiceslb, a women-owned juicer that grew from co-owners Dawna and Chrissy’s kitchen in 2011. Direct engagement with small-business leaders is an important part of Treasury's commitment to #BuildBackBetter https://t.co/VQuuoytBEJ — PolitiTweet.org

Treasury Department @USTreasury

Today, @TreasuryDepSec met with @LongBeachCity business owners and @LongBeachMayor & discussed efforts to use #AmericanRescuePlan funding to build an equitable recovery, provide capital opportunities for small businesses, and support city programs that put workers first. https://t.co/f7s1aevS9A — PolitiTweet.org

Treasury Department @USTreasury

RT @SecYellen: Anyone observing the United States in recent years would see striking contrasts across our economic landscape. It is underst… — PolitiTweet.org

Treasury Department @USTreasury

RT @usmint: Which prominent American women would you like to see represented on an upcoming U.S. Quarter Dollar coin? Review the criteria a… — PolitiTweet.org

Treasury Department @USTreasury

The group also underscored the need for banks to embrace new technologies in coming years to expand financial services to underserved communities, & the need for banks & regulators to collaborate to ensure robust & fair competition as technologies change financial intermediation. — PolitiTweet.org

Treasury Department @USTreasury

.@SecYellen also noted the crucial role banks can play as part of the Biden Administration’s historic investments in both infrastructure and the essential services for families -like childcare- that will help drive broad-based growth. — PolitiTweet.org

Treasury Department @USTreasury

The Secretary highlighted the role of banks as a necessary source of strength due to their critical role channeling emergency government support to households and businesses through the Paycheck Protection Program and Economic Impact Payments. — PolitiTweet.org

Treasury Department @USTreasury

Earlier today, @SecYellen met with members of the @ABABankers Board of Directors to discuss ways Treasury & ABA can work together to facilitate a strong recovery over the short-term and a robust economic expansion over the longer-term. Read more: https://t.co/kSazyX1Wes — PolitiTweet.org

Treasury Department @USTreasury

FLEC's vision is of sustained financial well-being for all individuals & families in the US. The Commission sets strategic direction for policy, education, practice, research, and coordination so that all Americans make informed financial decisions. — PolitiTweet.org