22 Department of the Treasury

What has happened

Nothing verified in this chapter yet.

Still to come

All recommendations in this chapter

Every recommendation this chapter is the home of, in printed-page order.

1. 696 Enact a two-rate individual income tax of 15 and 30 percent Needs Congress Not started
2. 696 Cut the corporate income tax rate to 18 percent Needs Congress Not started
3. 696 Tax capital gains and qualified dividends at 15 percent Needs Congress Not started
4. 696 Allow immediate expensing for capital expenditures Needs Congress Not started
5. 696 Index capital gains taxes for inflation Needs Congress Not started
6. 696 Repeal all Inflation Reduction Act tax increases Needs Congress Not started
7. 696 Repeal the Inflation Reduction Act's green energy tax credits Needs Congress Not started
8. 696 Create Universal Savings Accounts with $15,000 annual contributions Needs Congress Not started
9. 697 Raise the business loss limitation to at least $500,000 Needs Congress Not started
10. 697 Allow businesses to fully carry forward net operating losses Needs Congress Not started
11. 697 Eliminate the net investment income surtax and the base erosion anti-abuse tax Needs Congress Not started
12. 697 Cut the estate and gift tax rate to no higher than 20 percent Needs Congress Not started
13. 697 Make the 2017 estate tax exemption increase permanent Needs Congress Not started
14. 697 Cut the GILTI tax rate to no higher than 12.5 percent Needs Congress Not started
15. 697 Permanently repeal non-business deductions suspended by the 2017 tax bill Needs Congress Not started
16. 697 Fully repeal the individual state and local tax deduction Needs Congress Not started
17. 697 Repeal deductions for educational expenses Needs Congress Not started
18. 697 Eliminate special business tax preferences such as the 179D building deduction Needs Congress Not started
19. 697 Cap deductible untaxed employee benefits at $12,000 per employee per year Needs Congress Not started
20. 697 Deny employer benefit deductions for dependents aged 23 or older Needs Congress Not started
21. 698 Replace the income tax with a consumption tax Needs Congress Not started
22. 698 Require a three-fifths supermajority in Congress to raise tax rates Needs Congress Not started
23. 698 Reject the global minimum corporate tax and international tax harmonization Not started
24. 698 Withdraw from the OECD and end U.S. funding for it Needs Congress Not started
25. 699 Reverse the Inflation Reduction Act's $80 billion IRS expansion Needs Congress Not started
26. 699 Oppose the comprehensive financial account information reporting regime Not started
27. 699 Make seven senior IRS leadership positions presidential appointments Needs Congress Not started
28. 699 Appoint an IRS Deputy Commissioner for Operations Support with IT expertise Not started
29. 699 Replace the subordinates to the IRS Deputy Commissioner for Operations Support Not started
30. 700 Conduct a thorough review of IRS information technology contracts Not started
31. 700 Review and implement the IRS Integrated Modernization Business Plan Not started
32. 700 Establish a private-sector IT oversight board for the IRS Not started
33. 700 Equalize interest rates on tax overpayments and underpayments Needs Congress Not started
34. 700 Extend the time limit for taxpayers to sue over improper collection actions Needs Congress Not started
35. 700 Expand the jurisdiction of the Tax Court Needs Congress Not started
36. 700 Reform the tax penalty system and reduce the most punitive penalties Needs Congress Not started
37. 700 Let the National Taxpayer Advocate make its own personnel decisions Needs Congress Not started
38. 700 Guarantee National Taxpayer Advocate access to IRS files and meetings Needs Congress Not started
39. 700 Require the IRS to address National Taxpayer Advocate comments in final rules Needs Congress Not started
40. 700 Authorize the National Taxpayer Advocate to file amicus briefs independently Needs Congress Not started
41. 701 Review the information reporting regime and reduce its burden on the public Needs Congress Not started
42. 701 Hold the IRS operating budget constant in real terms Needs Congress Not started
43. 701 Increase Taxpayer Advocate funding by at least 20 percent Needs Congress Not started
44. 701 Close the IRS Office of Equity, Diversity, and Inclusion Not started
45. 701 Withdraw the tax-assistance protocol from Senate consideration Not started
46. 701 Oppose the Competent Authority Agreement on Automatic Exchange of Information Not started
47. 702 Withdraw from the World Bank and the IMF and end U.S. contributions Needs Congress Not started
48. 702 Deliver foreign economic and humanitarian aid unilaterally, not through intermediaries Not started
49. 702 Make balancing the federal budget a mission-critical Treasury objective Not started
50. 702 Issue longer-duration bonds, including a 50-year Treasury bill Not started
51. 702 Send every American an annual federal financial statement with their share of the debt Not started
52. 702 Zero out or exit international financial institutions counter to U.S. interests Not started
53. 702 Place a large new cadre of U.S. professionals in international financial institutions Not started
54. 703 Adjust U.S. ownership levels in international financial institutions for leverage Not started
55. 703 Realign CFIUS priorities to counter the threat from China Not started
56. 703 Create a transparent CFIUS mitigation monitoring program Not started
57. 703 Publish a CFIUS penalty schedule for reporting and mitigation violations Not started
58. 704 Make the Department of Defense a co-chair of CFIUS Needs Congress Not started
59. 704 Require CFIUS review of Chinese greenfield investments Needs Congress Not started
60. 704 Create a school of financial warfare jointly with the Defense Department Not started
61. 705 Restrict and require reporting of U.S. foreign direct investment in China Not started
62. 705 Merge the OCC, FDIC, NCUA, and the Fed's supervisory functions Needs Congress Not started
63. 705 Create new financial firm charters trading activity limits for higher equity standards Needs Congress Not started
64. 705 Repeal Titles I, II, and VIII of the Dodd–Frank Act Needs Congress Not started
65. 706 End the Fannie Mae and Freddie Mac conservatorships and privatize them Not started
66. 706 Wind down Fannie Mae and Freddie Mac in an orderly manner Needs Congress Not started
67. 706 Privatize the Common Securitization Platform Not started
68. 706 Right-size the missions of the FHA and Ginnie Mae Needs Congress Not started
69. 707 Require FinCEN to publish annual anti-money-laundering data Needs Congress Not started
70. 707 Require FinCEN and GAO evaluations of the AML-CFT regime's effectiveness Needs Congress Not started
71. 707 Require a FinCEN retrospective review of its regulations reported to Congress Needs Congress Not started
72. 707 Repeal the Corporate Transparency Act Needs Congress Not started
73. 707 Withdraw FinCEN's beneficial ownership reporting rule Not started
74. 708 Eliminate Treasury's racial equity counselor, committee, and DEIA office Not started
75. 708 Identify and interview every Treasury official who participated in DEI initiatives Not started
76. 708 Publish all communications about Treasury's critical race theory and DEI work Not started
77. 708 Make DEI participation grounds for termination at Treasury Not started
78. 708 Publish all Treasury training materials that single out race, ethnicity, or sex Not started
79. 708 Eliminate the Treasury Advisory Committee on Racial Equity Not started
80. 709 Eliminate Treasury's Climate Hub Office Not started
81. 709 Withdraw from the UN Framework Convention on Climate Change and Paris Agreement Not started
82. 709 Use Treasury authority to promote investment in domestic oil and gas Not started
83. 709 Reverse U.S. support for ESG and Principles for Responsible Investment Not started
84. 710 Return the Coast Guard and ATF to the Treasury Department Needs Congress Not started
85. 710 Eliminate the U.S. Trade and Development Agency Needs Congress Not started

No recommendations in this tier.