(@miketreasurymoderator)

Data Availability, Information Quality, Accountability...

Improve timeliness and quality of data open to the public

Do you think it's important for Treasury to improve the timeliness and quality of the data that we make open to the public? If so, you can vote for this idea or a leave a comment supporting this idea. And if you've got a better idea, submit your own!

Voting

6 votes
Active
(@jnrvecchiarelli)

Data Availability, Information Quality, Accountability...

Public relations........

Taking under consideration the mess we are in. I would think our Govt. needs to be held accountable for promisses made, confront those who are corrupt, move to establish a stonger enforcment of laws. Those who would seek to destroy our country should be punished. Secure our boarders and for those who are in our country, that are practicitng war games to over throw our country( 300 at last count). Get rid of them before... more »

Voting

1 vote
Active
(@duncan.john)

New Ways of Doing Business, New Tools...

Bring back TeleTax or a simplified form

TeleTax was a well rated, effective way of filing a tax return for millions of people until it was unnecessarily closed. For the majority of people, something like TeleTax or a simplified form that can be filled out on the IRS website (not some random third-party website) should take the place of the 1040EZ. It should allow the IRS to make all the calculations and send the refund/bill. Simplified processes that take less... more »

Voting

13 votes
Active
(@jaorangemen)

Data Availability, Information Quality, Accountability...

The Department of Treasury should live webcast all meetings

The Department of Treasury should live webcast all meetings for proposed rule making and regulations where the public comment should take place. They should make these meetings available for on demand viewing and have the ability to have that content be indexed for video search. By doing this the public and stakeholders will be able to see the inner workings of the rule making process and make the content and proceedings... more »

Voting

21 votes
Active
(@megan.eskey)

New Ways of Doing Business, New Tools...

OpenTreasury v2.0: A Next Gen Opensource/OpenSocial Portal

A pilot project to build a next-gen Dept of Treasury portal for the Federal Community Cloud. The idea is to build a suite of opensocial portals, one at each Federal Agency, based on The Open Stack that will enable communication with all opensocial partners.

Useful Links:
http://tinyurl.com/yks78pg
http://bit.ly/cUrTv8

Voting

1 vote
Active
(@renesugar)

New Ways of Doing Business, New Tools...

CDS transactions on exchange to provide data to calculate risk

You can also use computational biology (via an algorithm similar to Google's Page Rank algorithm) to analyze the CDS relationships between companies to determine if the extinction of a company would cause the collapse of the financial ecosystem.

Stefano Allesina with the National Center for Ecological Analysis and Synthesis at the University of California, Santa Barbara, and Mercedes Pascual of the University of Michigan... more »

Voting

0 votes
Active
(@billkarwin)

New Ways of Doing Business, New Tools...

Implement Auto Filing

Why do millions of Americans have to waste time filling out their own IRS forms, when their taxes are simple and the IRS already knows what they owe?

Amend the Internal Revenue Code to require the Secretary of the Treasury to establish a program for mailing pre-filled income tax returns to assist certain taxpayers who may be eligible for the earned income tax credit in completing their tax returns.

This was proposed... more »

Voting

12 votes
Active
(@renesugar)

New Ways of Doing Business, New Tools...

Bonds to specifically fund revenue generating infrastructure

Here is a link to paper written by Richard G. Little (University of Southern California - School of Policy Planning and Development) on the idea of using infrastructure projects that generate revenue to encourage investment in rebuilding the country's infrastructure.

Because the funds are invested only in projects that generate revenue, the money spent is recovered plus interest.

The focus of the paper is on rebuilding... more »

Voting

2 votes
Active
(@paulwilkinson)

Data Availability, Information Quality, Accountability...

Adopt FDIC, SEC, Global Open Structured XBRL Data Standard

Treasury can make better information available faster and at lower cost by leveraging the global movement to the use of eXtensible Business Reporting Language (XBRL). This open global information standard is subject to robust validation and low-cost, continuous quality improvement. Australia and the Netherlands have government-wide adoption programs; the UK's HMRC is using it for tax reporting; the International Accounting... more »

Voting

2 votes
Active