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Treasury report spotlights its regulatory reforms, reductions

Joe Mont | April 25, 2018

The Treasury Department this week released a report “detailing its accomplishments in support of the President’s regulatory reform agenda.”

“We will continue to ensure that we identify and reduce outdated regulations. Reducing unnecessary burdens will lead to increased economic growth, greater job creation, and a fundamentally stronger economy for our country,” Treasury Secretary Steven Mnuchin said.

As cited in the report, the agency’s “regulatory reform accomplishments” include eliminating, reducing, or proposing to eliminate more than 300 regulations in total, including “unnecessary and outdated” regulations. In February 2018, for example, Treasury and the Internal Revenue Service issued a notice of proposed rulemaking to eliminate as “deadwood” 298 tax regulations “that are duplicative or obsolete and require taxpayers to navigate needlessly complex and...

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