Treasury Department

Treasury Department @USTreasury

In times of crisis, women step up and keep things going — & we know economic data doesn’t always tell the full story. This #RosietheRiveterDay, we honor the millions of women who changed the course of WWII & our economy forever, & all the Rosies fighting our current crisis now. https://t.co/XTvbfOONx4 — PolitiTweet.org

Treasury Department @USTreasury

RT @SecYellen: From the window at Treasury, I can see the flag at the White House is lowered to half-staff now. It’s heartbreaking. Asian-… — PolitiTweet.org

Treasury Department @USTreasury

RT @cyrusshahpar46: Just in: +2.58M doses reported administered, compared to yesterday’s total. 101.8M total doses in the Biden administra… — PolitiTweet.org

Treasury Department @USTreasury

Our charge at the Treasury Dept is to promote economic prosperity and ensure financial security for the US. Prosperity and security are closer every day that we work together to defeat COVID-19. — PolitiTweet.org

Treasury Department @USTreasury

RT @IRSnews: #IRS strongly urges taxpayers to not file amended returns related to the new legislative provisions in the American Rescue Pla… — PolitiTweet.org

Treasury Department @USTreasury

.@SecYellen attended a meeting with G7 finance ministers this morning. Thanks to @G7 for hosting. https://t.co/6korsTFfZR — PolitiTweet.org

Treasury Department @USTreasury

.@SecYellen attended a meeting with G7 finance ministers this morning. Thanks to @G7 for hosting. https://t.co/yc4bCHvHOs — PolitiTweet.org

Treasury Department @USTreasury

Read all about these changes and get the details on how you may be affected here: https://t.co/kM5oTjFiNm — PolitiTweet.org

Treasury Department @USTreasury

The current public health crisis & resulting economic crisis have devastated the health and economic wellbeing of millions of Americans. We're taking steps with the ARP to change the course of the pandemic and deliver immediate and direct relief to families and workers. — PolitiTweet.org

Treasury Department @USTreasury

UNEMPLOYMENT Millions of Americans lost their jobs in the wake of the COVID-19 pandemic due to no fault of their own, & as a result claimed benefits. ARP waives federal income taxes on the first $10,200 of unemployment benefits received in 2020 by middle- & lower-income taxpayers — PolitiTweet.org

Treasury Department @USTreasury

EMPLOYEE RETENTION & PAID LEAVE ARP extends a number of critical tax benefits to small businesses that are intended to help businesses through to the recovery while keeping up their payrolls and still taking steps to protect health outcomes for employees. — PolitiTweet.org

Treasury Department @USTreasury

This builds on a 2011 program by: +$1.5 bil for states to support biz owned by socially & economically disadvantaged people +$1 bil for an incentive program to ⬆️ funding for states that show robust support for such businesses +$500 mil to support businesses w/ <10 employees — PolitiTweet.org

Treasury Department @USTreasury

STATE SMALL BUSINESS CREDIT INITIATIVE Nationally, small business revenue is down 32 percent, and at least 400,000 firms have permanently closed. After a year of the public health crisis, many businesses are hanging on by a thread... — PolitiTweet.org

Treasury Department @USTreasury

EMERGENCY RENTAL ASSISTANCE x2 the initial funding to expand the reach of the existing ERA program, taking additional steps to mitigate the financial harm caused by the pandemic and keeping Americans safe as the country addresses the virus. (@FiscalService has great info on this) — PolitiTweet.org

Treasury Department @USTreasury

HOMEOWNER ASSISTANCE FUND Across the country, 1 in 10 homeowners w/ a mortgage are behind on payments. The law takes immediate steps to help Americans stay in their homes and keep a roof over their heads, & prioritizes those homeowners that have experienced the greatest hardships — PolitiTweet.org

Treasury Department @USTreasury

The current crisis starkly illuminated key shortcomings – and inequalities – in U.S. infrastructure. This Fund will help to ensure that all communities have access to the high-quality, modern infrastructure needed to thrive. — PolitiTweet.org

Treasury Department @USTreasury

CAPITAL PROJECTS FUND ARP provides $10 billion for states, territories, & Tribes to cover the costs of capital projects, like broadband. The Fund takes steps to addressing challenges laid bare by the pandemic, especially in rural America and low- and moderate-income communities. — PolitiTweet.org

Treasury Department @USTreasury

This emergency funding can be used for: - addressing revenue losses due to the crisis - cover public health costs to get people vaccinated, schools opened, and businesses working - support essential workers throughout communities - invest in infrastructure to build out of crisis — PolitiTweet.org

Treasury Department @USTreasury

STATE/LOCAL/TRIBAL GOVERNMENTS The ARP will provide $350 billion of needed relief to state, local, and Tribal governments to enable them to continue to support the public health response and lay the foundation for a strong and equitable economic recovery. — PolitiTweet.org

Treasury Department @USTreasury

CHILD TAX CREDIT The ARP’s expansion of the Child Tax Credit will substantially reduce child poverty by supplementing the earnings of families receiving the tax credit. 5 big changes have improved accessibility and impact for families with children. — PolitiTweet.org

Treasury Department @USTreasury

We continue to expand outreach to the millions of homeless, rural poor, & other disadvantaged Americans to ensure that they receive payments. This includes new & continued relationships with homeless shelters, legal aid clinics, and providing info in more than 35 languages. — PolitiTweet.org

Treasury Department @USTreasury

When applicable, based on information (such as a recently filed 2020 tax return) that the IRS receives mid-year during 2021, the "true-up" can make sure families receive greater assistance during 2021, rather than having to wait until 2022 and filing a Rebate tax credit. — PolitiTweet.org

Treasury Department @USTreasury

ECONOMIC IMPACT PAYMENTS As of yesterday, approximately 90 million Economic Impact Payments had been disbursed (see our other thread for more details). Unlike the prior rounds of relief payments, the American Rescue Plan requires a 2021 “true-up” additional payment... — PolitiTweet.org

Treasury Department @USTreasury

--Updates on the rollout of the American Rescue Plan-- A thread: — PolitiTweet.org

Treasury Department @USTreasury

More pictures from the meeting with @JubileeUSA https://t.co/Lt1TIitSdI — PolitiTweet.org

Treasury Department @USTreasury

And note the ☘️ pins — green really is our favorite color at the Treasury Dept. — PolitiTweet.org

Treasury Department @USTreasury

St. Patrick’s Day at Treasury: @SecYellen had a a productive and festive call with Ireland’s Minister for Finance @Paschald about addressing global issues and deepening cooperation with Ireland and the EU. More here: https://t.co/8JBPWhD3RF https://t.co/I5WNHNsj6n — PolitiTweet.org

Treasury Department @USTreasury

“Indian Country has suffered a disproportionate share of hardship in this country. And the pandemic has thrown a spotlight on the disparities Tribal communities face.” Read @SecYellen’s full statement to the Treasury Tribal Advisory Committee here: https://t.co/amWvFqB9JU — PolitiTweet.org

Treasury Department @USTreasury

More info also available on our website: https://t.co/DbJfplMwGK — PolitiTweet.org

Treasury Department @USTreasury

Along with @IRSnews, we’re announcing today that the federal income tax filing due date for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. Keep an eye on https://t.co/qKWfws2tPQ for more guidance in the coming days. — PolitiTweet.org