Statement from OMB Director Mick Mulvaney:
This executive order requires the Department of the Treasury and the Office of Management and Budget to take certain steps to review and potentially revise regulations related to tax policy. Implementing this executive order would have a de minimis impact on costs and revenues to the Federal Government. The benefits of this executive order include the promotion of a simple, fair, efficient, and pro-growth tax system, and the eventual elimination of unnecessarily burdensome tax regulations. It would have a de minimis impact on mandatory and discretionary obligations and outlays, as well as on revenues to the Federal Government, in the 5-fiscal year period beginning in fiscal year 2017. The agencies anticipated to be affected by this order are the Department of the Treasury and the Executive Office of the President.
