None of the IRS regulations currently under development are considered “economically significant,” according to a report from the Office of Management and Budget, examining the regulatory reviews performed in accordance with Trump administration executive orders.

The spring 2017 Unified Agenda of Federal Regulatory and Deregulatory Actions, unveiled July 20 by the OMB s Office of Information and Regulatory Affairs (OIRA), “represents the beginning of fundamental regulatory reform and a reorientation toward reducing unnecessary regulatory burden on the American people,” according to the unified agenda’s website.

See full report by clicking here (LEXIS subscription required): Regulatory Agenda Doesn’t Deem Any Tax Regs Significant

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.