What Happened
Deregulation And Tax Law Implementation Top Priorities
The Trump Administration has unveiled its 2026 regulatory agenda for the IRS and Treasury, with a focus on deregulation and implementing the 2025 tax-and-spending law. The agenda includes dozens of regulatory projects, such as changes to deductions for research and development costs, enhancement of bonus depreciation, and easing of a cap on deduction of business interest costs. According to Bloomberg Law, the administration’s priorities may have significant implications for businesses and the economy. The agenda was posted on the Office of Information and Regulatory Affairs website.