WNYUZ
No Result
View All Result
  • Home
  • Politics
  • Opinion
  • Business
  • World
  • Health
  • Entertainment
  • Tech
  • Home
  • Politics
  • Opinion
  • Business
  • World
  • Health
  • Entertainment
  • Tech
No Result
View All Result
WNYUZ
No Result
View All Result
Home News

Billy Long out as IRS commissioner after just 2 months

August 8, 2025
in News
Yahoo news home
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Washington — Billy Long, the commissioner of the IRS, is leaving his post after just two months on the job, a White House official confirmed to CBS News.

Treasury Secretary Scott Bessent will lead the IRS temporarily, the official said. President Trump is expected to nominate Long for an ambassadorship.

The news was first reported by The New York Times.

Long was confirmed by the Senate in mid-June and took over the IRS after some tumult for the tax collection agency’s leadership. The IRS has had several interim commissioners since Mr. Trump’s return to office in January, including one who lasted for just 48 hours. The Trump administration has aimed to dramatically trim the agency’s workforce.

A former auctioneer and Missouri Republican congressman, Long was chosen to take over the IRS late last year after previously pushing to repeal much of the tax code during his time in the House. Long isn’t an accountant by trade, but Mr. Trump touted his time as a tax adviser. After retiring from Congress in 2023, Long advised businesses on the Employee Retention Tax Credit, drawing criticism from Democrats who noted the credit’s high rate of fraud.

The IRS has been a focus of the Trump administration’s government-wide staff cuts. The agency drew up plans earlier this year to cut its 102,000-person workforce by as much as 40% through a combination of layoffs and voluntary resignations, according to an internal memo obtained by CBS News in April. The cuts were set to begin after April 15, which is the deadline for most Americans to file their taxes.

As of May, some 25,000 staffers had left the IRS, a 25% decrease from February levels, according to a report by the IRS’s internal watchdog, the Treasury Inspector General for Tax Administration. Around 26% of the IRS’s revenue agents — the staff who conduct audits — had left the agency by May, the report found.

Meanwhile, staff from the Department of Government Efficiency — a cost-cutting team once led by billionaire Elon Musk — sought access to the IRS’s tax data system, sparking a lawsuit.

Former IRS acting head Melanie Krause left the agency in April over a plan to share tax data with Immigration and Customs Enforcement to help identify undocumented immigrants. She was replaced by Gary Shapley, a longtime IRS agent who became well-known for speaking about alleged political influence in the Hunter Biden tax investigation. But Shapley was ousted after just two days following a dispute between Musk and Bessent.

Bessent complained to Mr. Trump that Shapley had been installed at the urging of Musk and sought the president’s approval to undo the decision, multiple sources told CBS News at the time.

Global stock markets react to Trump’s sweeping tariffs in effect now

Sean “Diddy” Combs wants to go back to Madison Square Garden in the future, attorney says

Israel’s Security Cabinet approves plan to take over Gaza City

The post Billy Long out as IRS commissioner after just 2 months appeared first on CBS News.

Tags: Billy LongCBS NewsPresident TrumpScott BessentWhite HouseYahooYahoo News
Share196Tweet123Share
Microsoft names CEO to run commercial business, Nadella to focus on tech
News

Microsoft names CEO to run commercial business, Nadella to focus on tech

October 3, 2025

(Reuters) -Microsoft (MSFT) Chief Commercial Officer Judson Althoff will take on an expanded role as CEO of commercial business, freeing ...

Read more
News

BOJ’s Ueda warns of global uncertainty, keep markets guessing on next hike

October 3, 2025
News

Lyft CEO says Bill Gates told him leaving Microsoft for Amazon when it was still a startup was ‘the stupidest decision I’ve ever heard anyone made’

October 2, 2025
News

Gold slips from record peak after Fed Logan’s comments

October 2, 2025
News

White House Floats New Rules For Colleges to Get Funding Edge

October 2, 2025
Dollar rebounds, uncertainty reigns as US government stays shut

Dollar rebounds, uncertainty reigns as US government stays shut

October 2, 2025
OpenAI Valuation Soars to $500 Billion, Topping Musk’s SpaceX

OpenAI Valuation Soars to $500 Billion, Topping Musk’s SpaceX

October 2, 2025
The economy is just getting stronger, not weaker, and ‘we in the economics profession need to look ourselves in the mirror,’ top analyst says

The economy is just getting stronger, not weaker, and ‘we in the economics profession need to look ourselves in the mirror,’ top analyst says

October 2, 2025

© 2025 WNyuz.com

No Result
View All Result
  • Home
  • Politics
  • Opinion
  • Business
  • World
  • Health
  • Entertainment
  • Tech

© 2025 WNyuz.com