As I previously discussed (here), President Trump issued an Executive Order requiring government agencies to identify two regulations for repeal for every new regulation that they wish to issue.  The initial reaction of this author is that this new rule applies to tax regulations.  But does it?

Section 5(a)(i) of the Executive Order states that it does not impair or affect authority granted by law to an agency.  Section 7805 provides a general grant to the Treasury Secretary of authority to prescribe all needful rules and regulations for the enforcement of the Internal Revenue Code.   Does this mean Treasury and IRS do not have to comply with the 2-1 rule?  We will have to wait and see.