Executive Order 13789: Identifying and Reducing Tax Regulatory Burdens

On April 21, 2017, President Trump signed Executive Order 13789 directing the Secretary of the Treasury to identify tax regulations that impose undue financial burdens on American businesses and taxpayers, and to recommend repeal or modification of such regulations. The order required a review of significant tax regulations issued after January 1, 2016, and mandated that for every new tax regulation issued, two existing tax regulations be identified for elimination. The confirmed direct effect was initiation of a formal regulatory review process by the Treasury Department that resulted in identification and proposal of specific tax regulations for repeal or revision.