WHO IS RUNNING FOR PRESIDENT IN 2004 Message Board

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Politics : WHO IS RUNNING FOR PRESIDENT IN 2004

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To: Tadsamillionaire who started this subject	2/5/2003 1:31:07 AM
From: calgal	of 10965

Bush's Budget for the Dept. of Treasury By The Associated Press Agency: Department of Treasury Spending: $11.4 billion URL:http://www.activedayton.com/ddn/news/ap/ap_story.html/Washington/AP.V7104.AP-Budget-Glance-T.html Percentage change from 2003: +3.5 percent Highlights: --Treasury gets a 3.5 percent increase when compared to a 2003 budget figure that was adjusted to reflect historic one-time transfers of key law enforcement agencies to the new Department of Homeland Security and the Justice Department. Without that adjustment, the 2004 budget request would represent a decline in funding of 28.4 percent from the previous year. --The biggest chunk of the agency's 2004 budget--roughly $10.4 billion--goes to the Internal Revenue Service. The IRS would get $429 million to continue a major overhaul of its computer system, a mammoth multiyear modernization project. --The IRS would get $133 million to crack down on abusive tax schemes and tax shelters which some high-income individuals and businesses use to avoid paying federal taxes. Treasury says it expects to conduct more audits in this area. And, the IRS would get $100 million to correct problems in the earned income tax credit program, which has been riddled by erroneous payments. • The Financial Crimes Enforcement Network would receive $57.6 million--up nearly 14 percent from the president's 2003 request _ to help the government sever terrorists from their sources of financing and to combat money laundering. The money would be used to help carry out--and expand if necessary--provisions of the 2001 Patriot Act, a sweeping anti-money laundering law. • Monies from the 2004 budget ``will help us achieve our chief objectives, which include ensuring fairness of the U.S. system of taxation'' and ``fighting the financial war on terrorism,'' said Deputy Treasury Secretary Ken Dam. AP-NY-02-03-03 1433EST

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