• Economy
  • Investing
  • Editor’s Pick
  • Stock
Evil Shark Trades
Economy

Trump scores major win as Senate installs IRS critic to lead the agency

by June 12, 2025
by June 12, 2025

Senate Republicans rammed through another of President Donald Trump’s nominees on Thursday, this time giving a green-light to the president’s pick to lead the IRS.

The GOP-controlled Senate approved former House Rep. Billy Long to be the next IRS commissioner in 53 to 44 vote along party lines. Long’s ascension to the role marks him as the fifth commissioner atop the tax agency since the beginning of this year.

He will replace Michael Faulkender, who is serving as acting commissioner alongside his duty as deputy Treasury secretary. Long will also be taking over an agency that, like many others, saw drastic cuts to its workforce under the White House’s Department of Government Efficiency (DOGE) initiative. 

The former lawmaker and auctioneer will now lead an agency he once sought to dismantle.

Long, who served in the House from 2011 to 2013 representing Missouri’s 7th District, was grilled by Democrats on the Senate Finance Committee during his confirmation hearing last month.

Lawmakers questioned his backing of legislation that would have abolished the IRS and replaced income taxes with a national sales tax, and his promotion of a pair of tax credits – the Employee Retention Tax Credit and ‘tribal tax credits’ – that raised questions of a possible conflict of interest with his new position.

During the hearing, Long argued that as commissioner, he would have a chance to ‘make real, transformational change to an agency that needs it more than any other.’

But Trump has similarly sought to abolish the IRS and replace income taxes with tariffs, among other proposals. That means Long’s elevation to IRS commissioner likely gives the president a key ally in moving forward with his vision of seeing the tax agency scrapped.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Pence group warns Senate not to rubber-stamp Trump’s ‘big, beautiful bill’
next post
Trump warns Israel strike on Iran ‘could happen’ amid Middle East evacuation, nuclear negotiations

You may also like

‘All-in’: GOP lawmakers divided on US involvement as...

Democratic lawmakers criticize Israel’s defensive strikes against Iran’s...

Israel’s drone strikes in Iran show why US...

Biden-appointed judge thwarts Trump’s attempt to clean house...

Nearly half of Americans back Israeli airstrikes on...

Iran threatens to hit US bases in the...

Could the US be targeted as Iran retaliates...

McCaul says Israel strikes are ‘perfect opportunity’ for...

Majority of Americans back Israeli airstrikes on Iran,...

Trump believes Israel’s strike on Iran could improve...

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent Posts

    • ‘All-in’: GOP lawmakers divided on US involvement as Trump pushes Iran for diplomatic end
    • Democratic lawmakers criticize Israel’s defensive strikes against Iran’s nuclear sites
    • Israel’s drone strikes in Iran show why US must halt China’s land grab here: experts
    • Biden-appointed judge thwarts Trump’s attempt to clean house at consumer safety agency
    • Nearly half of Americans back Israeli airstrikes on Iran, poll shows

    Categories

    • Economy (6,253)
    • Editor's Pick (3,862)
    • Investing (2,826)
    • Stock (1,331)
    Email Whitelisting About Us Terms & Conditions Privacy Policy Contact Us

    Disclaimer: Evilsharktrades.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EvilSharkTrades.com


    Back To Top
    Evil Shark Trades
    • Economy
    • Investing
    • Editor’s Pick
    • Stock