[Trump Administration Accused of Secretly Providing Tax Breaks to Wealthy Corporations] Reports indicate that the Trump administration, through proposed regulations by the U.S. Department of the Treasury, has provided large-scale tax breaks to ultra-wealthy corporations such as private equity firms, cryptocurrency companies, and foreign real estate investors. In October this year, the U.S. Internal Revenue Service (IRS) issued proposed regulations offering benefits to foreign investors in U.S. real estate; in August this year, the IRS proposed easing rules on multinational corporations' repeated reporting of losses to avoid taxes. Kyle Pomerleau, a senior fellow at the American Enterprise Institute, stated that the Treasury Department's implementation of tax reduction measures without legislative approval exceeds the authority granted by Congress and undermines constitutional principles.