Categories: U.S. Treasury

Statement from Secretary Steven T. Mnuchin on President Trump’s FY 2021 Budget Proposal

Washington – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today in conjunction with President Donald J. Trump’s budget proposal for Fiscal Year 2021:

“President Trump’s FY 2021 Budget released today prioritizes Treasury’s role in fostering a strong economy in the United States, ensuring financial stability abroad, strengthening national security, and effectively managing the taxpayer resources.

“The budget allows Treasury to continue implementing the Tax Cuts and Jobs Act, which has unleashed the U.S. economy and is benefiting American workers, families, and businesses.  It also funds the IRS to modernize its systems to improve taxpayer service and enforcement, to implement the bipartisan Taxpayer First Act, and proposes an investment in enforcement funded through a program integrity cap adjustment which will save the American taxpayer $64 billion over the next ten years.

“The proposed budget supports American national security interests by increasing funding for Treasury’s Office of Terrorism and Financial Intelligence which counters the financing of terrorism around the globe.  Importantly, it also increases resources for the Financial Crimes Enforcement Network to further protect Americans from cyber-crimes.  In order to better equip the Nation to fight the crimes of tomorrow, the budget proposes legislation to return the Secret Service to its original home at Treasury.”

For information about the President’s Budget for Fiscal Year 2021 please visit our website.

 

####

IR Press

Share
Published by
IR Press

Recent Posts

Acting Comptroller Testifies on State of the Federal Banking System

WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…

18 hours ago

Remarks by Assistant Secretary for International Finance Brent Neiman on the U.S. Cross-Border Payments Agenda

As Prepared for Delivery Thank you very much for the opportunity to be here today, and…

2 days ago

Remarks by Assistant Secretary for Investment Security Paul Rosen at the Third Annual CFIUS Conference

As Prepared for Delivery Good afternoon.  I’d like to start by thanking our panelists today for…

2 days ago

U.S. Department of the Treasury Releases Final Rules to Expand Access to Clean Energy Tax Credits

Final rules will improve access to direct pay for co-owned clean energy projects, helping to…

2 days ago

Treasury Targets Key Hamas Leaders and Financiers

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)…

2 days ago

Treasury Targets Fentanyl Traffickers and Other Key Contributors to U.S. Opioid Crisis

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…

2 days ago