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Read. Follow. Verify.2019 Budget Request for the Department of the Treasury
Record date · January 1, 2018
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What This Bill Does
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.
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 It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
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.
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.
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- 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.
Frequently Asked Questions
How much money is the IRS requesting for 2019?
What is the additional funding for the Tax Cuts & Jobs Act used for?
How much is being allocated to address the threat from North Korea?
What else do you want to know?
News Coverage
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Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
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.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance80How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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