Presidential Tax Accountability and Audit Integrity Act

Key Points

• The bill would ban the Treasury Secretary from making any deal, waiver, or order that reduces or cancels federal tax debts owed by a sitting president.
• The prohibition also covers the president's close relatives and any businesses or entities they control, closing off indirect ways to shield family wealth from taxes.
• If any such tax arrangement is ever made, Treasury must publicly name the people involved and report every 30 days on what actions were taken.
• The IRS would get extra time, until at least 3 years after a president leaves office, to assess or collect unpaid taxes tied to any such prior arrangement.
• The ban would apply retroactively, covering any covered tax arrangement made since January 20, 2025, not just future ones.

Impact Analysis

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