Trump Eyes Changes To Obama’s Tax And Wall Street Rules

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WASHINGTON (AP) – The Trump administration is targeting some of the tax and financial regulations established by President Barack Obama.

President Donald Trump will sign an executive order Friday to review tax regulations set last year by his predecessor.

He’ll also sign a pair of memoranda to potentially reconsider two major elements of the 2010 Dodd-Frank financial reforms created after the Great Recession.

The review regulations could give greater leeway to companies looking to shelter income overseas, or simply seek to reduce paperwork in enforcing these regulations.

Treasury Secretary Steven Mnuchin says Trump is “absolutely committed to make sure that taxpayers are not at risk for government bailouts of entities that are too big to fail.”

(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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