What's in the 2011 budget for our friends at the Treasury Dept?

Everyone is talking about budget cuts proposed in the 2011 budget, but what about our friends over at the Treasury Department.  (They are the folks that deal with the money, remember)  Here is what they have highlighted about the 2011 budget and the increased spending for their department.

From Department of Treasury Release TG523 February 1, 2010


Expanding Treasury's Capacity to Respond to Financial Challenges
In the aftermath of one of the worst crises since the Great Depression, the Treasury Department continues to play a leading role in stabilizing the economy and reforming our outdated and ineffective financial regulatory system. The events of the past year have demonstrated that the Department needs to expand its institutional capacity to more effectively respond to current and future financial challenges.  To accomplish this goal, the Treasury Department's FY 2011 Budget continues efforts begun in FY 2010 to make focused, targeted investments in the Offices of Domestic Finance, Tax Policy, and Economic Policy.
The Budget will provide an additional $21.1 million to allow the Treasury Department to expand its expertise in an array of complex financial and economic fields.

Improving Service for Taxpayers
Quality taxpayer service is an important complement to enforcement efforts.  Important programs in the Recovery Act aimed at helping taxpayers and stimulating the economy have increased the volume of calls to 1-800 service lines at the IRS, leading to longer wait times and unanswered calls.  The FY 2011 Budget provides much needed resources to increase the number of taxpayer calls that get answered and reduce wait times.  The Budget also includes increased funding for infrastructure improvements to IRS.gov, which will improve self-service, reduce costs, increase compliance and continue to position IRS.gov as the preferred choice for taxpayer service.
The FY 2011 Budget will provide an additional $45.9 million for these important customer service improvements.

Cracking Down on Tax Evasion
The FY2011 Budget includes a number of proposals that are expected to increase tax collections by $26 billion over the next ten years.  Additionally, the Budget provides nearly $250 million in new enforcement initiatives to improve compliance.  FY 2011 initiatives will build on the foundation established in the FY 2010 Budget to hire nearly 2,000 new employees dedicated to addressing international tax evasion by businesses and affluent individuals, improving information reporting, and broadening collection activities.
In total, new enforcement initiatives will generate nearly $2 billion in additional annual enforcement revenue once the new hires reach full potential in FY 2013, yielding a return on investment of over nine to one.

Investing in the Needs of Communities
The FY 2011 Budget includes $250 million for the Community Development Financial Institutions Fund, providing a 30 percent increase in funding for the CDFI Fund's core grant program – the CDFI Program – and continued robust support for Native Initiatives.  It also provides $5 billion in New Markets Tax Credit allocation authority.

Addressing Global Economic Challenges
As noted by the President in his State of the Union address, exports play a critical role in generating jobs for Americans.  The FY 2011 Budget reflects Treasury's commitment to support the Administration's efforts to double exports over the next five years by working through the G-20 and other international fora to foster additional export and other economic opportunities for the United States.  This effort will also include working with key countries, including China, to lay the foundation for stronger, more balanced and sustainable global growth.