• 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

DAVID MARCUS: RFK Jr is right, nobody knows...

September 5, 2025

Trump trashes Nadler on heels of Dem’s House...

September 5, 2025

DOJ task force finds ‘numerous instances’ of anti-Christian...

September 5, 2025

House Republicans split with Trump team over ‘very...

September 5, 2025

‘Delusional’: Oversight Republicans slam ex-Biden aide for lashing...

September 5, 2025

Venezuelan military jets buzz US Navy ship in...

September 5, 2025

Trump’s midterm convention is the seismic shift that...

September 5, 2025

Republican doctors clash with RFK Jr over vaccines...

September 5, 2025

Trump admin urges Supreme Court to allow president...

September 5, 2025

Hegseth vows to rebuild military deterrence so enemies...

September 5, 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

  • First on Fox: Top outside group backing House Republicans sets fundraising record

    October 8, 2024
  • Trump accuses ‘scam artist’ Schiff of lying about Maryland home to commit mortgage fraud

    July 15, 2025
  • ESPN, Fox to bundle upcoming streaming services for $39.99 a month

    August 12, 2025
  • House Republicans face mounting resistance as third ex-Biden WH aide pleads Fifth Amendment

    July 18, 2025
  • American recession fears spark selloff in international markets and point to lower U.S. open

    August 5, 2024

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

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,924)
  • Investing (634)
  • Stock (921)

Latest Posts

  • Trump earns bipartisan praise for decisive action against Iran’s nuclear program

    June 22, 2025
  • ‘Important lesson’: Conservative activist reveals ‘fascinating’ experience at liberal Sundance Film Festival

    January 31, 2025
  • Long BRZE: Braze Inc. Breaks Out After Strong Q3, Bullish Setup Targets $50 and Yearly Highs

    December 17, 2024

Recent Posts

  • Comer requests Trump DOJ prosecute James Biden for making ‘false statements’ during impeachment inquiry

    January 17, 2025
  • Israeli officials confirm Tel Aviv bombing was a terrorist attack, Hamas claims responsibility

    August 19, 2024
  • Trump signals China ‘very much’ interested in securing trade deal ahead of Switzerland negotiations

    May 8, 2025

Editor’s Pick

  • Ripple and Tron: Ripple is losing its bullish momentum

    August 29, 2024
  • Rubio condemns Iran’s ‘unacceptable’ threats against IAEA director

    June 28, 2025
  • Pence backs Trump’s ‘hawkish’ tariffs on China but warns it ‘must not become our enemy’

    December 4, 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