Prof. Kristin Hickman Publishes Bloomberg Op-Ed About OIRA Review of Tax Regulations
Prof. Kristin Hickman published a Bloomberg op-ed, Exempting Tax Rules from White House Review Is a Step Backwards, in which she criticized a recent agreement between the Treasury Department and Office of Management and Budget that exempts tax regulatory actions from review by the Office of Information and Regulatory Affairs. In the op-ed, Professor Hickman elaborates that "tax policy in 2023 covers much more than the traditional revenue-raising function that most members of the public associate with Treasury and the IRS. Economists and public policy specialists know that taxes are a regulatory tool that the government can wield to achieve many ends. For example, tax experts have long recognized that the corporate income tax exists as much to direct the actions and choices of corporate executives (and to limit corporate power) as to raise revenue."