U.S. Senator Elizabeth Warren this week called on the Treasury Department to more swiftly address racial discrimination in the U.S. tax and banking systems by advancing reforms proposed by an advisory board set up in December 2022.
In a letter dated May 9, Warren told Treasury Secretary Janet Yellen she was concerned that many recommendations made by the Treasury Advisory Committee on Racial Equity had not been implemented, including reforms to the IRS audit process.
"I am concerned that the recommendations made by members of the TACRE remain in limbo at Treasury," Warren wrote in the letter, a copy of which was obtained by Reuters. One committee member, Dorothy Brown, a tax lawyer and law professor, told Marketplace in January she worried that Treasury was not embracing the recommendations and saw the committee as a "check-the-box" exercise.
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