US Treasury Secretary John Snow last Friday appealed to lawmakers to approve the budget proposals for the IRS in 2005, which contain a significant amount of extra money to be directed towards compliance and enforcement.
The government is asking the holders of the Congressional purse strings to make available $10.67 billion for next year’s IRS budget, up from the $10.18 billion approved for 2004. Around $300 million of this $500 million increase is to be allocated to compliance and enforcement.
"We do know there are some programs that don't work well," Snow noted in response to questions from the Senate Budget Committee about administrative shortcomings within the IRS. However, to rectify this, the Treasury Secretary argued: "We need to put more energy into compliance, more efforts into compliance across the board."
Overall, the Treasury’s budget request for 2005 is around 4.5% higher than in 2004 at $11.68 billion, the lion’s share of which will be allocated to funding the IRS.
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