Free Trial

Billy Long sworn in as IRS commissioner, taking over an agency he once sought to close

Rep. Billy Long, R-Mo., asks questions during hearing May 14, 2020, on Capitol Hill in Washington. (Greg Nash/Pool via AP, File)

Key Points

  • Former Missouri Rep Billy Long will be sworn in as IRS commissioner despite previously sponsoring legislation to abolish the agency and having no background in tax administration.
  • He won a narrow 53-44 Senate confirmation amid Democratic concerns over his involvement in a pandemic-era employee retention tax credit scheme and campaign contributions received after his nomination.
  • The IRS has suffered massive staffing cuts and leadership turnover, threatening next year’s tax filing season after tens of thousands of workers left or were laid off.
  • Democrats have urged criminal investigations into Long’s ties to alleged tax loophole firms and unusually timed donations to his 2022 Senate campaign committee.
  • MarketBeat previews top five stocks to own in August.
  • Limited Time Offer: Unlock powerful research tools, advanced financial data, and expert insights to help you invest with confidence. Save 50% when you upgrade to MarketBeat All Access during the month of July. Claim your discount here.

WASHINGTON (AP) —

Former Missouri congressman Billy Long was ceremonially sworn in as commissioner of the Internal Revenue Service on Friday in the Oval Office, taking over a beleaguered agency that he once sought to abolish and that has since been beset with steep staffing cuts and leadership turnover.

Lee Zeldin, who heads the Environmental Protection Agency, administered the oath of office while President Donald Trump looked on.

Long won confirmation in a 53-44 Senate vote last month despite concerns from Democrats about his connection to a tax credit scheme and campaign contributions he received after then President-elect Trump nominated him for the top IRS job in December.

Long’s commissionership comes after months of acting leaders and massive staffing cuts that have threatened to derail next year’s tax filing season. Tens of thousands of workers have voluntarily retired or been laid off as part of the Trump administration’s efforts to shrink the size of the federal bureaucracy through the Department of Government Efficiency.

“In my first 90 days I plan to ask you, my employee partners, to help me develop a new culture here,” Long wrote in a message to IRS employees. “I’m big on culture, and I’m anxious to develop one that makes your lives and the taxpayers’ lives better.”

While in Congress, where he served from 2011 to 2023, the Republican sponsored legislation to get rid of the IRS. A former auctioneer and real estate broker, Long has no background in tax administration. He also hosted a radio talk show from 1999 to 2006 “on which the IRS was always a hot topic,” according to his biography on the agency’s website.

Commerce Secretary Howard Lutnick told Fox News in February that Trump’s “goal is to abolish the Internal Revenue Service and let all the outsiders pay,” referring to tariffs imposed on other countries. The president has also floated the idea of getting rid of the federal income tax and using tariffs to make up the difference.

The nearly 900-page tax and spending bill Trump signed earlier this month contains about $4.5 trillion in tax cuts. They include new tax deductions on tips, overtime and auto loans, as well as scores of business-related cuts.

Long has toed the Trump party line for years. In 2022, during an unsuccessful campaign for the U.S. Senate in Missouri, he released a 30-second ad that falsely claimed the 2020 election was “rigged” and “stolen” from Trump — claims the president frequently touts himself.

During his Senate bid, Long worked with a firm that distributed fraudulent, pandemic-era employee retention tax credits. He appeared before the Senate Finance Committee in May and denied any wrongdoing related to his involvement in the scheme.

Democrats have called for a criminal investigation into Long’s connections to other alleged tax loopholes. They have also written to Long and his associated firms detailing concerns with what they call unusually timed contributions made to Long’s defunct 2022 Senate campaign committee shortly after Trump nominated him.

Long is not the only Trump appointee to support dismantling an agency he was assigned to manage.

Linda McMahon, the current education secretary, has repeatedly said she is trying to put herself out of a job by closing the federal department and transferring its work to the states. FBI Director Kash Patel has proposed radical overhauls to the 117-year-old agency. And Rick Perry, Trump’s energy secretary during his first term, called for abolishing the Energy Department during his bid for the 2012 GOP presidential nomination.

Where Should You Invest $1,000 Right Now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Why Drone Stocks Are Skyrocketing Right Now!
Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines