To: Janis Bowdler, Counselor to the Secretary (Racial Equity) and Snider Page, Acting 

Chief, Office of Diversity, Equity, and Inclusion

Fr: Mayor Michael Nutter, Chair; and Felicia Wong, Vice-Chair, TACRE

Re: TACRE Subcommittee Principles and Priorities

Dt: April 4, 2023

Please find below a compiled list of priorities from the TACRE Subcommittees, as well as action 

recommendations from the Data and Research Subcommittee and cross-cutting principles for 

all of TACRE’s priority work. We do anticipate re-examining these after six months of work and 

research. Thank you for the opportunity to serve.

Cross-Cutting Principles

Throughout all of the TACRE priority work, subcommittees will seek to emphasize the following 

cross-cutting principles:

● Equitable data management 

● Clarity on what Treasury itself can do, and what it can catalyze elsewhere in the public 

or private sectors 

● The accessibility of programs and a focus on community outreach

● A focus on both place-based outcomes, and outcomes for individuals and families within 

communities 

IRA Implementation (5 priorities)

● Advise the Treasury Department on the data collection practices and metrics for 

accountability related to the IRA tax credits that will best support the equitable 

implementation of the Inflation Reduction Act. Relevant metrics might include, for 

example, population uptake and utilization of benefits, infrastructure support, and audit 

disparities reporting. Note that this is important given OMB’s obligation, as mandated 

by the IRA, to track the use of IRA dollars by agency on the basis of labor, equity, and 

environmental standards. 

● Provide advice to the Treasury Department regardings its plan to modernize and 

transform the IRS. TACRE will Identify and recommend both short-term and longer-term 

changes, with the aim of ensuring that all Americans receive the benefits for which they 

are eligible. 

● Provide recommendations to the Treasury Department on the policy design of its tax 

provisions in IRA, especially the place-based provisions (such as the 48(e) program) so 

that they best achieve equitable outcomes, and so that communities and individuals on 

the ground directly benefit from them. 

● Provide guidance to the Treasury Department on how it can use its authority and tools 

to protect communities and consumers from predatory activity and actors.
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● Work with the Treasury Department to develop outreach efforts that will engage 

diverse communities in accessing new programs, address implementation barriers, and 

inform new stakeholders about the Treasury’s transformational vision for the IRS.

Financial Health Inclusion & Access to Capital (3 priorities)

● Provide recommendations to the Treasury Department on reporting requirements and 

incentive programs targeted at nonprofits and for-profit entities that can best promote 

diversity of their workforce, board, investment managers and brokerage firms, and 

suppliers. This is important given Treasury’s oversight of financial institutions, and its 

obligation to ensure the responsible use of taxpayer dollars for all Americans.

● Provide guidance and recommended steps for the Treasury Department, such that it can 

help ensure that individuals from all backgrounds, including those with language and 

other barriers, are able to access capital and financial inclusion programs. TACRE will 

also work with the Treasury Department to identify ways to strengthen BIPOC led 

community institutions (including CDFIs, MDIs, other recipients), with a proven focus 

and track record of reach, trust, and impact in underserved target markets. This is 

important given Treasury’s mandate to serve the entire American public, and the 

President’s recent Racial Equity Executive Orders and AANHPI whole-of-government 

strategy. 

● Advise Treasury on improved demographic disaggregated data collection and analysis 

practices that will provide increased transparency, and stronger baseline evidence to 

support inclusive policy making and program implementation; and allow a range of 

community-serving institutions to work with Treasury on the improved design and 

delivery of capital access programs and services.

Internal Staffing & Culture (4 priorities)

● TACRE will offer recommendations to the Treasury Department on the steps it can take 

to create a more inclusive culture, including the various resources and assessment tools 

helpful in benchmarking and evaluating its current approach. 

● TACRE will provide advice for how the Treasury Department can implement best 

practice employment transactions. This will include recommendations on which current 

pathways and professional development opportunities available at Treasury should be 

reviewed, including opportunities for Senior Executive Service (SES).

● Resources must be committed for internal change within the Department. TACRE will 

provide advice and recommendations on steps the Treasury can take to review current 

practices and to commit resources that ensure appropriate levels of investment are 

made to effectively implement internal changes. 

● TACRE will provide advice and recommendations on steps the Treasury can take to 

further its efforts to implement equitable procurement practices. This advice could be 
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based on a review of data on purchasing by industries and geography; subcontracting 

opportunities; other federal agencies’ investments in OMWI (Office of Minority and 

Women Inclusion); and outreach practices to all small businesses.

Data and Research (2 action recommendations)

● Conduct Distributional Analyses in the Greenbook: In addition to aggregate revenue 

impacts, the administration should publish analyses of how revenues proposals would 

differentially affect households of different race and income levels.

● Prioritize Changes to IRS Regulations to Facilitate Additional Sharing of IRS Data with 

Census: Census has already asked for IRS to share additional data and variables; these 

variables would be crucial for expanding our ability to assess racial disparities and how 

policies affect them. This process requires considerable administrative steps, including 

a revision to IRS regulations. Treasury should prioritize whatever actions are necessary 

to ensure that these data are transferred as soon as possible.