Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Economy News

Trump scores major win as Senate installs IRS critic to lead the agency

admin by admin
June 12, 2025
in Economy News
0
Trump scores major win as Senate installs IRS critic to lead the agency
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

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
Previous Post

Trump warns Israel strike on Iran ‘could happen’ amid Middle East evacuation, nuclear negotiations

Next Post

Pence group warns Senate not to rubber-stamp Trump’s ‘big, beautiful bill’

Next Post
Pence group warns Senate not to rubber-stamp Trump’s ‘big, beautiful bill’

Pence group warns Senate not to rubber-stamp Trump’s ‘big, beautiful bill’

  • Trending
  • Comments
  • Latest
Murchison South Increases to 67koz Gold Across Two Pits

Murchison South Increases to 67koz Gold Across Two Pits

May 13, 2025
Bitcoin Records Highest Weekly Close as Price Nears All-Time High

Bitcoin Records Highest Weekly Close as Price Nears All-Time High

May 19, 2025
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

March 20, 2025
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
Bitcoin Price Prediction: Dominance Soars Post-$1B Liquidation – Is BTC the Only Safe Haven?

Bitcoin Price Prediction: Dominance Soars Post-$1B Liquidation – Is BTC the Only Safe Haven?

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
Bitcoin Price Prediction: Dominance Soars Post-$1B Liquidation – Is BTC the Only Safe Haven?

Bitcoin Price Prediction: Dominance Soars Post-$1B Liquidation – Is BTC the Only Safe Haven?

June 14, 2025
Ethereum Price Prediction: TradFi Inflows Could Impact ETH Price – What’s Next?

Ethereum Price Prediction: TradFi Inflows Could Impact ETH Price – What’s Next?

June 14, 2025
Seven Solana ETF Filings Hit SEC — But Is Approval Still a Long Shot?

Seven Solana ETF Filings Hit SEC — But Is Approval Still a Long Shot?

June 14, 2025
Trump’s Truth Social Gets SEC Greenlight for $2.3B Bitcoin Treasury Deal

Trump’s Truth Social Gets SEC Greenlight for $2.3B Bitcoin Treasury Deal

June 14, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Bitcoin Price Prediction: Dominance Soars Post-$1B Liquidation – Is BTC the Only Safe Haven?

    Bitcoin Price Prediction: Dominance Soars Post-$1B Liquidation – Is BTC the Only Safe Haven?

    June 14, 2025
    Ethereum Price Prediction: TradFi Inflows Could Impact ETH Price – What’s Next?

    Ethereum Price Prediction: TradFi Inflows Could Impact ETH Price – What’s Next?

    June 14, 2025
    Seven Solana ETF Filings Hit SEC — But Is Approval Still a Long Shot?

    Seven Solana ETF Filings Hit SEC — But Is Approval Still a Long Shot?

    June 14, 2025
    Trump’s Truth Social Gets SEC Greenlight for $2.3B Bitcoin Treasury Deal

    Trump’s Truth Social Gets SEC Greenlight for $2.3B Bitcoin Treasury Deal

    June 14, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved