Treasury Official Details 4-year Plan for Tax Deregulation
1.14.2026
Speaking to a packed house of over 900 tax attorneys at the New York State Bar Association Annual Meeting, Treasury’s Deputy Assistant Secretary for Tax Policy Kevin Salinger detailed the Trump administration’s plans to ramp up the deregulation of tax policy in the years to come.
“Our goal is to deregulate while strengthening the economy by making pro-growth and durable policy,” Salinger said. “We have three more years of deregulation work ahead.”
Salinger said the policy directive from the White House to Treasury is clear – grow the economy faster than the national debt.
Salinger provided a candid update on new tax policy included in H.R.1, which is also known as the “One Big Beautiful Bill.” He repeated familiar talking points on the elimination of taxes on tips, overtime and the interest on auto loans for American-made cars, calling the law “pro-worker and pro-family.”
“This bill gives the largest tax cut while restoring growth and returning long-term, pro-investment in U.S. manufacturing. A construction boom is coming, and industrial and manufacturing jobs will return to the U.S.,” he said.
“We can see the growth dynamic taking hold,” Salinger said, citing business growth of 15% from January to July of 2025 when the tax bill became law.
With more than 100 new tax provisions in H.R. 1, Salinger promised that Treasury would release guidance on the following topics in 2026:
- Foreign entities.
- Executive compensation.
- Energy incentives.
- Paid family and medical leave.
- Employer provided childcare credits.
Salinger shared a set of guiding principles that the Treasury Department employs to make decisions, saying his staff takes its work on behalf of American workers, families, and businesses seriously.
- Don’t overengineer regulations.
- Favor standards over rigid rules; opt for flexibility over mandates.
- Don’t draft regulations using the worst-case scenario.
- Allow reasonable methods rather than one approach.
- Avoid expanding tax code through regulation.
- Regulation should be comprehensive and clear.
Salinger took time to thank the New York State Bar Association’s Tax Section for providing reports on more than a dozen tax issues in the last year.
“The reports are consistently the most careful and substantive that Treasury receives,” he said. “The feedback you provide plays a real role in our work. When we take a wrong turn, you let us know. Even if we don’t adopt your opinions, they sharpen our thinking. They force us to confront real world consequences of our policy.”
