Transition of power to
Transition of power
Transition of power
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Former Missouri congressman Billy Long has been selected by Trump to lead the Internal Revenue Service. Long, who served six terms in Congress, has been assisting businesses in claiming a tax credit during the pandemic. Unfortunately, this tax credit has been marred by fraud and has ended up costing the government more than expected.
Written by Andrew Duehren
Writing from the capital
On Wednesday, President-elect Donald J. Trump announced his intention to nominate Billy Long, a former congressman from Missouri, to be the head of the Internal Revenue Service. This decision implies that Trump 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 been promoting a tax credit introduced during the pandemic. This tax credit has been plagued by fraudulent claims, resulting in the government losing billions more than anticipated. Lawmakers have attempted to end the tax credit, and the I.R.S. has temporarily halted processing claims to identify and eliminate false applications.
During a podcast interview in 2023, Mr. Long discussed his efforts in assisting businesses in claiming the Employee Retention Tax Credit. He mentioned that he and his team have not had a claim denied by the tax agency. The program was established in 2020 by Congress and former President Trump as a way to encourage businesses to continue paying their employees during the economic shutdown.
He stated that they do not allow anyone to cheat the system, and they ensure that individuals genuinely qualify for the refund from the IRS along with any interest owed to them.
Donald Trump’s selection, which he revealed on his social media platform, would bring significant changes to the Internal Revenue Service (IRS) during a crucial period. The Biden administration has invested substantial funds in updating the agency and strengthening its tax collection initiatives to enhance customer service and combat tax evasion.
President Biden selected Daniel Werfel, a previous management consultant and government employee who had experience in both Democratic and Republican administrations, to head the revamp of the I.R.S in 2022. Werfel’s term was expected to run until 2027.
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