Transition of power from
Transition of power
Transition of power
Prom
Former Missouri congressman Billy Long has been chosen by Trump to lead the IRS. During his time in office, Long served six terms as a representative. After leaving Congress, he assisted businesses in claiming a tax credit meant to help during the pandemic. Unfortunately, this tax credit has been plagued with fraud and has ended up costing the government billions more than expected.
Authored by Andrew Duehren
Giving updates from the
On Wednesday, President-elect Donald J. Trump announced his intention to nominate Billy Long, a former congressman from Missouri, to be the new head of the Internal Revenue Service. This move indicates his plans to remove the current leader of the IRS, who was appointed by President Biden.
Following his defeat in a Senate primary in 2022, Mr. Long has promoted a tax credit designed during the pandemic that has experienced widespread fraud, causing the government to lose billions more than anticipated. Lawmakers have attempted to eliminate the tax credit, and the I.R.S. has temporarily halted the processing of claims in order to identify and reject fraudulent applications for the tax benefit.
During a podcast interview in 2023, Mr. Long talked about how he and his team have been successful in assisting businesses in obtaining the Employee Retention Tax Credit. This program, established by Congress and former President Trump in 2020, was designed to encourage businesses to continue paying their employees during the economic shutdown. Mr. Long mentioned that so far, they have not had any of their claims denied by the tax agency.
"We do not secretly help anyone receive the refund, we ensure that they are eligible for it from the IRS along with interest."
President Trump’s selection, revealed on his social media platform, will bring about significant changes within the IRS during a crucial time. The Biden administration has allocated a substantial amount of funding towards upgrading the agency and strengthening its tax collection initiatives to enhance customer service and combat tax evasion.
President Biden selected Daniel Werfel in 2022 to head the I.R.S. overhaul. Werfel, who previously worked as a management consultant and civil servant in both Democratic and Republican administrations, was appointed to serve until 2027.
We are experiencing difficulties in accessing the content of the article.
To use this website properly, make sure to turn on JavaScript
We appreciate your understanding as we confirm your access. If you are currently in Reader mode, please log out and sign into your Times account, or consider subscribing to access all of The Times content.
We appreciate your understanding as we confirm access.
Are you currently a member? Please sign in.
Interested in accessing all of the content available in The Times? Subscribe
Prom
Index of the website
Navigation to find information on