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

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

WASHINGTON (AP) —
Former Missouri congressman Billy Long will be ceremonially sworn in as commissioner of the Internal Revenue Service on Friday, taking over a beleaguered agency that he once sought to abolish and that has since been beset with steep staffing cuts and leadership turnover.
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 Donald 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.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

XRP Climbs 3% But One Key Indicator Just Flashed A Death Cross
XRP Climbs 3% But One Key Indicator Just Flashed A Death Cross

Yahoo

time9 minutes ago

  • Yahoo

XRP Climbs 3% But One Key Indicator Just Flashed A Death Cross

XRP (CRYPTO: XRP) is up 3% on the day but technical indicators suggest traders should tread with caution in the near Ticker Price Market Cap 7-Day Trend Bitcoin (CRYPTO: BTC) $114,413.52 $2.27 trillion -3.8% Ethereum (CRYPTO: ETH) $3,568.24 $430.7 billion -8% XRP (CRYPTO: XRP) $2.99 $177.5 billion -7.4% Trader Notes: Crypto analyst Ali Martinez flagged the MVRV ratio flashing a death cross on XRP's chart, suggesting bearish pressure could Henry noted that XRP is forming its largest bullish pennant to date, maintaining support with a series of green candle closes, often a sign of building momentum. A breakout targeting $4 could be imminent, he added. Community News: Ripple CTO David Schwartz announced that he is launching a new independent infrastructure project for the XRP Ledger. He will personally manage a standalone server that functions as a high-quality hub, designed to support validators on the Unique Node List, as well as other hubs and XRPL-based applications. Schwartz emphasized that this dedicated hub would improve network resilience and efficiency, further strengthening the XRPL ecosystem. Read Next: Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article XRP Climbs 3% But One Key Indicator Just Flashed A Death Cross originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.

Nature's Miracle Holding Inc. to Present at the OTCQB Venture Virtual Investor Conference August 7th
Nature's Miracle Holding Inc. to Present at the OTCQB Venture Virtual Investor Conference August 7th

Yahoo

time9 minutes ago

  • Yahoo

Nature's Miracle Holding Inc. to Present at the OTCQB Venture Virtual Investor Conference August 7th

Company invites individual and institutional investors, as well as advisors and analysts, to attend online at ONTARIO, Calif. , Aug. 4, 2025 /PRNewswire/ -- Nature's Miracle Holding Inc. (OTCQB: NMHI), based in Ontario, CA, a leader in vertical farming technology today announced that Tie "James" Li, Chairman and CEO, will present live at the OTCQB Venture Virtual Investor Conference hosted by on August 7th, 2025 DATE: August 7th TIME: 11:30 – 12:000 ESTTOPIC: New Vision, New Journey for NMHILINK: Available for 1x1 meetings. This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at Recent Company Highlights On July 28th, 2025, Big Lake Capital, LLC, Led and Controlled by NMHI CEO, Converts $671,984 Note into Nature's Miracle ("NMHI") Common Stocks; On July 25th, 2025, Nature's Miracle Holding Inc. ("NMHI") Management and a Lender Invested $1.69 Million in NMHI Shares through Liability and Debt Conversion; On July 23rd, 2025, Nature's Miracle Holding Inc. Announces an up to $20 Million Corporate XRP Treasury Program through an equity financing program approved by SEC; On July 22nd, 2025, Nature's Miracle Holding Inc. Announces Up to $100 Million EV Distribution Deal with Faraday Future ("FFAI"); About Nature Miracle Nature's Miracle ( is a growing agriculture technology company providing products and services to growers in the Controlled Environment Agriculture ("CEA") industry in the U.S. The Company's Common Stock trades on the OTCQB market ("OTCQB") under the symbol "NMHI". About Virtual Investor Conferences® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. View original content to download multimedia: SOURCE Nature's Miracle Holding Inc. Sign in to access your portfolio

Descartes buys e-commerce inventory management platform for $40M
Descartes buys e-commerce inventory management platform for $40M

Yahoo

time9 minutes ago

  • Yahoo

Descartes buys e-commerce inventory management platform for $40M

Supply chain software provider Descartes Systems Group announced it has acquired cloud-based inventory management company Finale Inventory. The deal includes an upfront payment of approximately $40 million and a potential post-acquisition earnout of up to $15 million. California-based Finale Inventory helps e-commerce companies manage inventory levels across multiple sales and fulfillment channels. The company provides visibility to merchants, allowing them to better scale their operations and avoid inaccurate restocking. Its platform interfaces directly with users, providing them with end-to-end automation of key functions like shipping and accounting. 'Finale expands the depth of our ecommerce solution suite by addressing a critical inflection point for growing ecommerce sellers,' said Mikel Richardson, general manager of e-commerce solutions at Descartes, in a Monday news release. 'As inventory complexity and risk of overselling increase, Finale provides the control and visibility merchants need to grow with confidence.' Descartes (NASDAQ: DSGX) continues to expand its network through acquisition. Earlier in the year, the Ontario, Canada- and Atlanta-based global supply chain SaaS provider acquired 3GTMS, a provider of cloud-based transportation management solutions, for approximately $115 million. That deal was aimed at expanding Descartes' capabilities in optimizing domestic truckload, less-than-truckload and parcel shipments. According to Descartes' CEO, Ed Ryan, the acquisition of Finale complements the company's other e-commerce investments focused on inventory, warehousing and shipping management. 'Together with Descartes Sellercloud, Finale furthers our mission to support ecommerce businesses through all phases of their growth, from a single product startup to a global, multi-channel enterprise,' Ryan said. 'We're thrilled to welcome Finale's customers, partners and team of domain experts into the Descartes family.' The acquisition was funded with cash on hand. An earnout of up to $15 million is tied to revenue-based targets and would be paid in fiscal years 2027 and 2028. More FreightWaves articles by Todd Maiden: XPO sees 'massive runway' to push margins higher Schneider National not yet choosing sides on potential changes to railroad landscape ArcBest's efficiency initiatives helping offset soft demand The post Descartes buys e-commerce inventory management platform for $40M appeared first on FreightWaves. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store