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FEDERALhearing transcript
High Impact

Senate Hearing on 2016 Treasury and IRS Budget Requests

Original title: FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS FOR FISCAL YEAR 2016

January 1, 2015

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The Frame

What this does

The hearing initiates the legislative review process for the 2016 funding of the Treasury and IRS, which directly impacts how tax dollars are allocated and how federal tax administration services are managed.

Who is mentioned in the record

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

Internal Revenue Service employees

The agency's budget request and potential oversight actions impact employee compensation and operational funding.

Taxpayers

The budget and oversight of the IRS determine the efficiency and quality of tax administration services provided to the public.

What changed

Last recorded activity January 1, 2015.

What's next

Next step not available in the current record.

Summary

This transcript covers the opening statements of a Senate subcommittee hearing regarding the 2016 budget requests for the Department of the Treasury and the Internal Revenue Service. Senators Boozman and Coons outlined their priorities for oversight, focusing on agency accountability, spending levels, and public trust.

Key Facts

  • The President's 2016 budget request for the IRS is $12.9 billion, representing a $2 billion increase over the previous year.
  • The IRS requested $667 million in funding above the discretionary spending caps established by the Budget Control Act of 2011.
  • The IRS paid out $67 million in employee awards in 2015 following the enactment of their appropriations bill.
  • The President's overall budget proposal includes $2.1 trillion in new taxes and an $8.5 trillion increase in national debt over 10 years.
  • Nondefense discretionary spending is capped at $493 billion for fiscal year 2016 under the Budget Control Act.
  • The subcommittee hearing was held on March 3, 2015, in the Dirksen Senate Office Building.
  • Chairman Boozman expressed concern regarding the hiring of employees with past conduct issues at the IRS.
  • The subcommittee is responsible for oversight of the Department of the Treasury and the IRS.

Why It Matters

The hearing initiates the legislative review process for the 2016 funding of the Treasury and IRS, which directly impacts how tax dollars are allocated and how federal tax administration services are managed.

Frequently Asked Questions

How much is the IRS asking for in the 2016 budget?
The IRS requested $12.9 billion, which is a $2 billion increase over the previous year.
What concerns did the subcommittee chairman raise about the IRS?
Chairman Boozman raised concerns regarding agency culture, the hiring of employees with past conduct issues, and the payment of $67 million in employee bonuses.

News Coverage

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Sponsors

Discoveries

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

policy shift90% confidence

Budget Cap Conflict

The IRS requested funding that explicitly exceeds the caps set by the Budget Control Act of 2011, which the Chairman noted has not been authorized since the Act's passage.

Connected Entities

personJ. Russell GeorgeTreasury Inspector General for Tax AdministrationMap →
personJacob LewSecretary of the TreasuryMap →
personJohn KoskinenIRS CommissionerMap →
organizationInternal Revenue ServiceSubject of the budget reviewMap →
organizationDepartment of the TreasurySubject of the budget reviewMap →
personJohn BoozmanChairman of the Subcommittee on Financial Services and General GovernmentMap →
personChristopher A. CoonsRanking member of the subcommitteeMap →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance85
    How much this matters to a regular citizen
  • Controversy60
    Intensity of disagreement among stakeholders
  • Entertainment20
    Compellingness for a non-policy-wonk reader
  • Buzz15
    Current news / social attention level

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