Cybersecurity
Mnuchin Calls for Boosting IRS Despite House Plan to Streamline
- Treasury nominee said agency needs more staff, new technology
- House Republican tax blueprint called for streamlining agency
Treasury Pick Mnuchin Faces Heat at Senate Hearing
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Treasury Secretary nominee Steven Mnuchin said one of his priorities if confirmed would be to increase staff and modernize technology at the Internal Revenue Service -- a move that Republicans who control the agency’s budget may reject.
“I would use my expertise to bring the IRS up to date,” Mnuchin, a former Goldman Sachs Group Inc. executive turned Hollywood movie financier, said during his confirmation hearing before the Senate Finance Committee on Thursday.