Section 4 · The Economy
💵Ch. 22 — Department of the Treasury
Treasury · 10 tracked
Push two-rate individual tax, 18% corporate rate, and repeal Inflation Reduction Act tax/green provisions
Proposed
Mandate’s intermediate tax reform: 15%/30% individual rates eliminating most preferences; 18% corporate rate; 15% capital gains/dividends; full expensing and capital-gains inflation indexing; repeal IRA book minimum tax, stock-buyback excise, coal/Superfund-related taxes, drug-price excise leverage, and green-energy credits in Subtitle D.
Create Universal Savings Accounts and cap untaxed employer benefits to favor wages
Proposed
Mandate proposes USAs up to $15,000 post-tax (Roth-like, flexible withdrawals) and a hard cap (≤$12,000 per FTE, preferably lower, not inflation-indexed) on deductible untaxed employer benefits excluding most retirement contributions, plus denying dependent health deductions for dependents 23+.
Withdraw from OECD funding/membership and reject global minimum corporate tax cartel
Proposed
Mandate frames OECD as a taxpayer-funded left-wing lobby, says the U.S. should end financial support and withdraw, and opposes Yellen’s global minimum corporate tax as anti-tax-competition harmonization.
Oppose IRA’s ~$80B IRS expansion and comprehensive $600 financial-account reporting
Proposed
Mandate calls for reversing Inflation Reduction Act IRS funding that could double the workforce and unequivocally opposing comprehensive financial account information reporting for accounts over $600 (revised 1099-K-style bank reporting).
Convert multiple IRS deputy/division commissioner roles into presidential appointees
Proposed
Mandate argues only two PAS officials cannot overcome IRS bureaucracy and seeks to make numerous Deputy Commissioners, National Taxpayer Advocate, and division Commissioners presidential appointees (some Senate-confirmed).
Repeal Corporate Transparency Act and withdraw FinCEN beneficial-ownership rule
Proposed
Mandate says Congress should repeal the CTA and FinCEN should withdraw its beneficial ownership reporting rule as overbroad, costly, and targeted at the smallest businesses while doing little against criminal finance; also demands AML data transparency and retrospective review.
Eliminate Treasury equity/DEI offices and Climate Hub; punish DEI participation
Proposed
Mandate orders elimination of Counselor for Racial Equity, Advisory Committee on Racial Equity, DEIA office, and Climate Hub; withdraw from Paris Agreement and UNFCCC; reverse ESG/PRI support; and treat DEI participation without objection as per se grounds for termination, plus public exposure of DEI materials/communications.
Merge federal bank supervisors; repeal Dodd-Frank OLA; wind down Fannie and Freddie
Proposed
Mandate supports legislation merging OCC, FDIC, NCUA, and Fed non-monetary supervisory functions; repeal Orderly Liquidation Authority and related too-big-to-fail provisions; orderly wind-down of Fannie/Freddie, privatize Common Securitization Platform, and right-size FHA/Ginnie Mae.
Make DoD CFIUS co-chair; close China greenfield loophole; scrutinize U.S. FDI into China
Proposed
Mandate seeks DoD as CFIUS co-chair with Treasury, published penalty schedules, covering Chinese-controlled greenfield investments, evaluating outbound U.S. FDI into CCP/SOE/tech-transfer/military/supply-chain risks, and a Treasury–DoD financial warfare school.
Eliminate the U.S. Trade and Development Agency
Proposed
Mandate recommends Congress eliminate USTDA, described as linking U.S. businesses to export opportunities in emerging economies via project planning, pilots, and reverse-trade missions.