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Transition of power
Transition of power
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Former Missouri congressman Billy Long has been chosen by Trump to lead the IRS. Long, who served in Congress for six terms, has been assisting businesses in claiming a tax credit during the pandemic. Unfortunately, this tax credit has been plagued with fraud and has ended up costing the government much more than originally expected.
Authored by Andrew Duehren
Writing from the nation
President-elect Donald J. Trump announced his selection of Billy Long, a former Missouri congressman, to serve as the head of the Internal Revenue Service. This decision indicates his intention to remove the current IRS leader, who was appointed by Biden.
Following his loss in a Senate primary in 2022, Mr. Long has promoted a pandemic-related tax credit that has been plagued by fraudulent activity, resulting in the government losing billions more than anticipated. Attempts have been made by lawmakers to end the tax credit, with the I.R.S. temporarily halting the processing of claims in order to identify and eliminate false applications for the tax benefit.
During a podcast interview in 2023, Mr. Long talked about how he assists businesses in claiming the Employee Retention Tax Credit. He mentioned that he and his team have not had any of their claims denied by the tax agency so far. This credit was established by Congress and former President Trump in 2020 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 their way through the process. They take great care to ensure that individuals genuinely qualify for the IRS refund along with any interest owed to them.
President Trump announced his selection for a new leader of the IRS on his social media platform, which would bring significant change to the organization at a crucial time. The Biden administration has invested a large amount of money into updating the agency and strengthening its efforts to collect taxes in order to enhance customer service and combat tax evasion.
President Biden appointed Daniel Werfel in 2022 to be in charge of making significant changes to the I.R.S. Werfel, who has experience working in various political administrations and as a management consultant, was chosen to lead this effort until 2027.
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