Treasury Secretary Defends 2006 Budget Request

Washington -- In remarks delivered earlier this week before a Senate Appropriations panel, Treasury Secretary John Snow summarized his department's 2006 budget of $11 billion, saying that the massive fiscal request would ensure the economic strength of the United States while meeting President Bush's second term agenda.

The department's budget request includes some $6.9 billion in enforcement funding for the Internal Revenue Service and $199 million for the service's previously announced modernization efforts, an overhaul that includes a sweeping IT upgrade.

Snow said the Treasury's $212 million request for oversight and management of the department's resources included $133.3 million earmarked for the Treasury Inspector General for Tax Administration.

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