• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

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

by June 12, 2025
written 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

related articles

GOP fractures over Hegseth’s ‘double-tap’ Caribbean strike as...

December 2, 2025

Trump lays out where he stands with Elon...

December 2, 2025

Hegseth erupts over WaPo ‘fake stories’ smear, vows...

December 2, 2025

Taxpayers on the hook for lawn care, fixing...

December 2, 2025

Experts dispute Nigerian government’s claims amid congressional probe...

December 2, 2025

Putin warns Russia ‘ready’ if Europe ‘suddenly wants...

December 2, 2025

Rosie O’Donnell says daughter blames Trump for forcing...

December 2, 2025

Johnson points to Obama-era drone precedent as Congress...

December 2, 2025

Justice Department considers pursuing new indictments against James...

December 2, 2025

Trump highlights comments by ‘Obama sycophant’ Eric Holder,...

December 2, 2025
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!

Latest News

  • Disney raises streaming prices for Hulu, Disney+ and ESPN+

    August 7, 2024
  • Microsoft, Google, Boeing join donors list for Trump’s record $170M inauguration fund

    January 10, 2025
  • On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

    April 28, 2025
  • Trump trashes Nadler on heels of Dem’s House retirement announcement: ‘One of the most disgusting Congressmen’

    September 5, 2025
  • Meta’s head of AI research announces departure

    April 2, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,935)
  • Investing (634)
  • Stock (958)

Latest Posts

  • Barrick Gold outperforms in Q2: Is it a buy with gold near record highs?

    August 12, 2024
  • Trump world fires back at Politico over report White House may lift sanctions on Russian assets

    April 25, 2025
  • US military vulnerabilities threaten Trump’s ‘peace-through-strength’ strategy

    May 28, 2025

Recent Posts

  • Booker concludes record 25-hour speech against Trump, Musk, marking the longest ever on the Senate floor

    April 2, 2025
  • Netanyahu shows picture of Bibas family at combat officers’ graduation: ‘Remember what we are fighting for’

    February 23, 2025
  • The price of Bitcoin has been on a surge since last night

    July 26, 2024

Editor’s Pick

  • Gold Star families devastated by Biden’s botched Afghanistan withdrawal endorse Hegseth for SecDef

    January 14, 2025
  • Egypt reportedly releases details on plan to rebuild Gaza; there’s no mention of ‘cooperation’ with the US

    February 13, 2025
  • FBI investigating classified docs leak of US intel on Israel planned strike on Iran

    October 22, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock