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    Department of Treasury

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    The Department of Treasury was established in 1789 to manage government resources and collect taxes. It is now responsible for promoting economic growth, job creation, and financial stability. The Department oversees currency and coin production, tax collection, and government spending. It includes the Alcohol and Tobacco Tax and Trade Bureau, which regulates alcohol and tobacco industries and collects firearms excise taxes. Jack Lew currently serves as Treasury Secretary, bringing experience from previous government and private sector roles. The Department of Treasury has expanded its responsibilities over the years to support the financial sector and economy while continuing its crucial role of managing government finances.

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    Department of Treasury

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    100 views2 pages
    The Department of Treasury was established in 1789 to manage government resources and collect taxes. It is now responsible for promoting economic growth, job creation, and financial stability. The Department oversees currency and coin production, tax collection, and government spending. It includes the Alcohol and Tobacco Tax and Trade Bureau, which regulates alcohol and tobacco industries and collects firearms excise taxes. Jack Lew currently serves as Treasury Secretary, bringing experience from previous government and private sector roles. The Department of Treasury has expanded its responsibilities over the years to support the financial sector and economy while continuing its crucial role of managing government finances.

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    The Department of Treasury was established in 1789 to manage government resources and collect taxes. It is now responsible for promoting economic growth, job creation, and financial stability. The Department oversees currency and coin production, tax collection, and government spending. It includes the Alcohol and Tobacco Tax and Trade Bureau, which regulates alcohol and tobacco industries and collects firearms excise taxes. Jack Lew currently serves as Treasury Secretary, bringing experience from previous government and private sector roles. The Department of Treasury has expanded its responsibilities over the years to support the financial sector and economy while continuing its crucial role of managing government finances.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    100 views2 pages

    Department of Treasury

    Uploaded by

    api-317040031
    The Department of Treasury was established in 1789 to manage government resources and collect taxes. It is now responsible for promoting economic growth, job creation, and financial stability. The Department oversees currency and coin production, tax collection, and government spending. It includes the Alcohol and Tobacco Tax and Trade Bureau, which regulates alcohol and tobacco industries and collects firearms excise taxes. Jack Lew currently serves as Treasury Secretary, bringing experience from previous government and private sector roles. The Department of Treasury has expanded its responsibilities over the years to support the financial sector and economy while continuing its crucial role of managing government finances.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Dr.

    Beard

    Alan Blades
    3/28/16
    Poli. Sci

    Department of Treasury: Jack Lew


    I choose to write about the Department of Treasury and the secretary of that department
    Jack Lew. The department was established in 1789 by an act of congress to manage government
    resources and was first headed by Alexander Hamilton, who almost single handedly created our
    system. Today that department does so much more, it holds itself responsible handling our
    resources and helping to create more opportunities for citizens to help themselves. It collects
    taxes on firearms and provides technical advice for industry. Its ran by Jacob Lew who has
    worked in budget management since the Clinton administration.
    Senator Lew runs the Department of Treasury. The Department of Treasury promotes
    economic growth, support job creation, investment, and economic stability. It also oversees the
    production of coins and currency, the disbursement of payments to the public, revenue
    collection, and the funds to run the federal government. Thanks to the attacks on the world trade
    center the ATF was split off into Homeland Security.
    Under the Treasury department is the Alcohol and Tobacco Tax and Trade Bureau. This
    Bureau is responsible for enforcing and administering laws covering the production, use and
    distribution of alcohol and tobacco products. They also collect excise taxes for firearms and
    ammunition. The T.T.B. runs the National Revenue Center which reconciles returns, reports and
    claims: screens applications and promptly issues permits; and provides expert technical
    assistance for industry.
    Jack Lew received his A.B. from Harvard College and his J.D. from Georgetown University
    Law Center. Lew also worked as an attorney in private practice before working as a deputy in
    Bostons Office of Management and Budget. In 1994 he served as Associate Director for

    Legislative Affairs and Deputy Director of the Office of Management and Budget in the Clinton
    Administration. From 2006 to 2008 he worked as the COO at Citigroup and then served as the
    first Deputy Secretary of State for Management and Resources from 2009 to 2010. Three years
    later he was sworn in as Treasury Secretary.
    Since its in Inception the duty of the Department of Treasury has been to balance our budget.
    But over the years they have grown just like our country and has shifted to take on more
    Responsibility. Helping out the financial sector with advice and promoting job growth to help
    our economy and the citizens. As well as choosing capable people to lead in these roles such as
    Jack Lew. The Department of Treasury is the backbone of our country as a capitalist society and
    helps our country in numerous ways. Thats why I choose this to write about because its one the
    important departments we have.

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