• 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

DHS scorches Pritzker’s ‘sanctuary’ state after child rapist...

May 1, 2026

Socialist mayor’s blunt 1-word message to fleeing millionaires...

May 1, 2026

DC police captain cites bodycam footage of officers...

May 1, 2026

Amazon explores ‘The Apprentice’ reboot with Trump Jr...

May 1, 2026

MN governor race to replace Walz sees major...

May 1, 2026

Trump’s apocalyptic Iran warning raises stakes for sweeping...

April 7, 2026

Graham eyes ‘down payment’ on Trump-backed SAVE Act...

April 7, 2026

Democrat whose parents fled Iran moves to oust...

April 7, 2026

Midterm alarm bells: Democrats face steep favorability deficit...

April 7, 2026

American journalist kidnapped in Iraq is set free,...

April 7, 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

  • Supreme Court sets date to hear FTC Slaughter case in test of Trump’s firing powers

    October 17, 2025
  • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

    May 15, 2025
  • Trump Cabinet nominees, appointees targeted with ‘violent, unAmerican threats’

    November 27, 2024
  • Senate quietly works on bipartisan Obamacare fix as healthcare cliff nears

    December 23, 2025
  • New Starbucks CEO Brian Niccol outlines priorities to end coffee chain’s slump

    September 10, 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

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,507)
  • Investing (2,489)
  • Stock (1,028)

Latest Posts

  • Pete Marocco, mastermind behind dismantling of USAID projects, leaves State Department

    April 14, 2025
  • Psaki joins Democrat push for Epstein files after ex-Biden spox rarely mentioned it from White House

    February 17, 2026
  • Four tankers that left Venezuela in ‘dark mode’ return as US eyes the country’s oil

    January 10, 2026

Recent Posts

  • Fetterman blasts Iran strike critics, Ayatollah’s apologists: ‘Let’s see who grieves for that garbage’

    March 2, 2026
  • Special Counsel Jack Smith moves to drop Trump election interference case

    November 8, 2024
  • Dow Jones gains 275 points as ceasefire hopes lift stocks

    April 9, 2026

Editor’s Pick

  • EXCLUSIVE: Nancy Mace targeted by Pennsylvania man arrested for threatening Trump

    April 14, 2025
  • FTC opens broad antitrust investigation into Microsoft

    November 29, 2024
  • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

    June 5, 2025
  • 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