PROJECT 2025

While everyone is talking about the Heritage Foundations Project 2025, it is valuable to read the section on Tax Policy in Section 4, The Economy about the Department of Treasury which starts here:

INTRODUCTION
The U.S. Treasury Department has a broad regulatory and policy reach. The next Administration should make major policy changes to:
(1) reduce regulatory impediments to economic growth that reduce living standards and endanger prosperity;
(2) reduce regulatory compliance costs that increase prices and cost jobs;
(3) promote fiscal responsibility;
(4) promote the international competitiveness of U.S. businesses; and
(5) better respect the American people’s due process and privacy rights.

These goals should be accomplished through: executive action (primarily treasury orders and treasury directives) and departmental reorganization; rulemakings; promoting constructive policies in Congress; actions in international organizations; and treaties.

The primary subject matter focus of the incoming Administration’s Treasury Department should be:
– Tax policy and tax administration;
– Fiscal responsibility;
– Improved financial regulation;
– Addressing the economic and financial aspects of the geopolitical threat posed by China and other hostile countries;
– Reform of the anti-money laundering and beneficial ownership reporting systems;
– Reversal of the racist “equity” agenda of the Biden Administration; and
– Reversal of the economically destructive and in elective climate-related financial-risk agenda of the Biden Administration.

BIDEN ADMINISTRATION TREASURY DEPARTMENT
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