Treasury budget would focus on IRS, small businesses, underserved areas

The Treasury Building in Washington. (AP Photo/Jacquelyn Martin). The Treasury Building in Washington. (AP Photo/Jacquelyn Martin).

The White House’s proposed 2015 budget would provide $13.8 billion to the Treasury Department, representing a slight downgrade of about 1.6 percent compared to the spending level for this year.

Most of the funding, $12 billion, would go toward the Internal Revenue Service, boosting the agency’s budget by 6.3 percent compared to 2014. President Obama’s proposals included $165 million for an initiative that partly aims to help call centers boost their response rates from 60 to 80 percent, as well as $480 million to support additional tax enforcement and compliance functions.

The budget blueprint also calls for $1.5 billion to help spur lending for small businesses, $225 million for a fund to encourage job growth and healthier communities in underserved areas and plans for assessing the production and use of coins, including the penny.

Josh Hicks covers Maryland politics and government. He previously anchored the Post’s Federal Eye blog, focusing on federal accountability and workforce issues.
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