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FEDERALhearing transcript

High Impact

2019 Budget Request for the Department of the Treasury

Original title: FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS FOR 2019

January 1, 2018

federal budget department of the treasury irs tax reform national security north korea financial regulation

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The Frame

What this does

The document details the proposed federal spending for the Department of the Treasury and the IRS for 2019, which directly impacts the operational capacity of tax collection and national financial security enforcement.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Internal Revenue Service

The agency is seeking a specific budget appropriation of $11.5 billion to fund operations and tax law implementation.

Office of Terrorism and Financial Intelligence

The office is requesting a $36 million budget increase to support its financial security and national security mandates.

What changed

Last recorded activity January 1, 2018.

What's next

Next step not available in the current record.

Key Facts

The IRS is requesting a total budget of $11.5 billion for fiscal year 2019.
The IRS budget request includes $362 million for program integrity cap adjustments.
The IRS is seeking an additional $397 million over two fiscal years specifically to implement the Tax Cuts & Jobs Act.
The Office of Terrorism and Financial Intelligence is requesting $159 million, representing a $36 million increase from the previous year.
The Treasury is proposing $15 million in 2019 to isolate the North Korean regime.
The Treasury requested a supplemental $15.5 million for 2018 to address North Korea-related activities.

Why It Matters

Frequently Asked Questions

How much money is the IRS requesting for 2019?

The IRS is requesting $11.5 billion, which includes $362 million for .

What is the additional funding for the Tax Cuts & Jobs Act used for?

The IRS is seeking $397 million over two fiscal years to implement the provisions of the Tax Cuts & Jobs Act.

How much is being allocated to address the threat from North Korea?

The budget proposes $15 million for 2019 to isolate the North Korean regime, in addition to a $15.5 million for 2018.

Summary

This document is a transcript from a 2018 House Appropriations Subcommittee hearing regarding the Department of the Treasury's budget request for fiscal year 2019. It outlines proposed funding for the IRS, the Office of Terrorism and Financial Intelligence, and specific initiatives to address national security threats.

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Increased Focus on North Korea

The Treasury Department explicitly requested specific funding to isolate North Korea, indicating a shift toward using financial intelligence as a primary tool for this geopolitical objective.

Department of the Treasury Office of Terrorism and Financial Intelligence

Connected Entities

organizationOffice of Terrorism and Financial Intelligence“Office requesting $159 million in funding”Map →

personSteven T. Mnuchin“Secretary of the United States Department of the Treasury”Map →

organizationInternal Revenue Service“Agency requesting $11.5 billion in funding”Map →

organizationDepartment of the Treasury“Federal department requesting the budget”Map →

personTom Graves“Chairman of the Subcommittee on Financial Services and General Government”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance80
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz15
Current news / social attention level

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