• 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

Tax season scams surge as filing confusion grows

February 1, 2026

Israel, Egypt coordinate reopening of Rafah Crossing in...

February 1, 2026

Trump says Iran ‘seriously talking to us’ as...

February 1, 2026

Amber Rose defends Charlie Kirk’s widow against online...

February 1, 2026

House Democrats mutiny Schumer’s deal with White House,...

February 1, 2026

State Department issues security alert amid ‘heavy gunfire’...

February 1, 2026

Noem touts TSA success after thousands with terror...

February 1, 2026

Hundreds rally outside Iranian UN ambassador’s Fifth Avenue...

February 1, 2026

Spencer Pratt says A-listers privately cheer his criticism...

January 31, 2026

IDF says Gaza strikes hit terrorists, weapons facilities...

January 31, 2026
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

  • Appeals court upholds $1 million penalty against Trump over ‘frivolous’ Clinton, Comey lawsuit

    November 26, 2025
  • Chechen leader threatens Zelenskyy amid drone strike, echoes alleged assassination plot

    December 8, 2025
  • Trump, eyeing 3rd term, keeps attacking elite institutions – and many are caving

    April 1, 2025
  • Apple stock: why JPM switch is strategically sound but financially modest

    January 9, 2026
  • Israel’s targeted response against Iran sends new warnings to regime about IDF’s capabilities, experts say

    October 28, 2024

Popular Posts

  • 1

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

    April 2, 2025
  • 2

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

    July 21, 2024
  • 3

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

    July 19, 2024
  • 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 (7,744)
  • Investing (920)
  • Stock (969)

Latest Posts

  • Trump directed envoy to warn Qatar ahead of ‘unfortunate’ Israeli strike, White House says

    September 9, 2025
  • Ulta and Target will end deal for in-store beauty shops next year

    August 15, 2025
  • Bill Clinton letter in Epstein ‘birthday book’ among new files released by House Oversight Committee

    September 9, 2025

Recent Posts

  • Trump says ‘don’t read anything into it’ when asked about declaring Venezuela’s airspace closed

    December 1, 2025
  • Vladimir Putin meets with Iranian President Pezeshkian to celebrate ‘very close’ relationship

    October 11, 2024
  • What AI bubble? Nvidia’s strong earnings signal there’s more room to grow

    November 21, 2025

Editor’s Pick

  • Bond markets tumble as year-end trading amplifies rate cut concerns

    December 27, 2024
  • DAN GAINOR: The 5 craziest stories of October — from Karine Jean-Pierre to PETA plaques

    November 1, 2025
  • Jane Fonda says Harris-Walz ticket is ‘only hope’ to beat ‘orange man’ in campaign call with climate activists

    August 16, 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