• 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

Celebrity chef lashes out at Trump for changing...

April 3, 2026

What B-52 bombers bring to Iran fight —...

April 3, 2026

GOP targets transgender animal testing in defund demand...

April 3, 2026

VP Vance to meet with Viktor Orbán in...

April 3, 2026

WATCH: President Trump reveals families of slain US...

April 3, 2026

FBI warns some foreign apps could collect Americans’...

April 2, 2026

Justice Jackson sparks online uproar after linking birthright...

April 2, 2026

Trump-backed wife of RNC chair launches bid for...

April 2, 2026

Trump administration accused of violating court order by...

April 2, 2026

Pam Bondi already fired as attorney general, Cabinet...

April 2, 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

  • BofA double upgrades CH Robinson Worldwide to Buy: Should you invest?

    July 23, 2024
  • Dow drops 900 points, S&P falls 1.6% as oil continues climb

    March 6, 2026
  • Fate of Trump’s $9.4 billion spending cut package hangs on House GOP moderates

    June 12, 2025
  • Trump rips ‘crooked’ Ilhan Omar as House ramps up investigation into exploding net worth

    January 21, 2026
  • Interior cancels $14M annual fishing grant cited in Fox report after DOGE highlights Disney ads, salaries

    June 30, 2025

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 (8,466)
  • Investing (1,568)
  • Stock (1,012)

Latest Posts

  • Six countries confirm US invitations to Gaza peace board

    January 18, 2026
  • Russia interfering in 2024 election to help Trump, US intelligence officials say

    July 11, 2024
  • All major Las Vegas Strip casinos are now unionized in historic labor victory

    August 5, 2025

Recent Posts

  • Venezuelan opposition leader says democratic transition would be ‘fall of the Berlin Wall’ for Americas

    January 26, 2026
  • Mike Johnson wins Republican support to be House speaker again after Trump endorsement

    November 13, 2024
  • Commodity wrap: silver hits record high, gold climbs past $4,300, oil remains flat

    December 13, 2025

Editor’s Pick

  • New ‘Reagan’ movie shows president’s strengths and why he is most remembered for fighting ‘evil’

    September 1, 2024
  • Iran seizes oil tankers, threatens ‘massacre’ in Strait of Hormuz, hours before US talks

    February 6, 2026
  • Americans have clear opinions on Trump’s performance in his first 50 days

    March 10, 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