• Latest
  • Trending
  • All
  • Market Updates
  • Cryptocurrency
  • Blockchain
  • Investing
  • Commodities
  • Personal Finance
  • Technology
  • Business
  • Real Estate
  • Finance
I.R.S. Commissioner to Quit as Trump Takes Office

I.R.S. Commissioner to Quit as Trump Takes Office

January 18, 2025
Trump Fed candidate Hassett stresses central bank independence from politics

Trump Fed candidate Hassett stresses central bank independence from politics

September 8, 2025
Over 1 Million in Bitcoin Locked in Treasuries as Institutions Pour In $1 Billion

Over 1 Million in Bitcoin Locked in Treasuries as Institutions Pour In $1 Billion

September 8, 2025
Kinto Tanks 81% After Announcing Its Blockchain Will Shut Down

Kinto Tanks 81% After Announcing Its Blockchain Will Shut Down

September 8, 2025
Student loan payments on pause? What to know

Student loan payments on pause? What to know

September 8, 2025
Fix These 7 Common Money Mistakes To Reach Your Goals

Fix These 7 Common Money Mistakes To Reach Your Goals

September 8, 2025
Samsung just quietly teased its Galaxy Glasses – and almost no one noticed

Samsung just quietly teased its Galaxy Glasses – and almost no one noticed

September 8, 2025
How Low Can Bitcoin Go in September 2025? Bearish BTC Price Prediction Scenarios & Support Analysis

How Low Can Bitcoin Go in September 2025? Bearish BTC Price Prediction Scenarios & Support Analysis

September 8, 2025
ETH Bulls Chase $2.5K As BTC Traders Rotate Into Ether

Despite All-Time High ETH Prices, Network Revenue Drops 44% in August

September 7, 2025
4 Days Left: Time and space are almost up to exhibit at TC All Stage

Only 2 days left to claim your exhibit table at Disrupt 2025

September 7, 2025
Meta wears Prada? Why its next-gen AR glasses may be even more fashionable than Ray-Bans

Meta wears Prada? Why its next-gen AR glasses may be even more fashionable than Ray-Bans

September 7, 2025
Soft Manager – Trading Ideas – 5 August 2025

The VPS Mistake That Cost Me $2,300 (And How to Avoid It) – My Trading – 7 September 2025

September 7, 2025
How to Score 1,000% Returns Without Really Trying

How to Score 1,000% Returns Without Really Trying

September 7, 2025
Monday, September 8, 2025
No Result
View All Result
InvestorNewsToday.com
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech
InvestorNewsToday.com
No Result
View All Result
Home Market Updates

I.R.S. Commissioner to Quit as Trump Takes Office

by Investor News Today
January 18, 2025
in Market Updates
0
I.R.S. Commissioner to Quit as Trump Takes Office
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Daniel Werfel, the commissioner of the Inside Income Service, informed the company’s staff that he would finish his time period early and step down on Monday as President-elect Donald J. Trump takes workplace.

Mr. Trump has stated he plans to nominate Billy Long, a former Republican congressman, to the function. Previous presidents have handled the tax collector’s chief as a nonpartisan job that continues between administrations of various events. President Biden selected Mr. Werfel, a former profession civil servant and administration advisor, to try a renaissance of the I.R.S., which Democrats have infused with billions in new funding that Republicans are actually wanting to cancel.

In a message to staff, Mr. Werfel stated he had determined to step down after he concluded that it was the easiest way to assist the following administration. Douglas O’Donnell, a profession civil servant on the I.R.S. who presently has the No. 2 job, will function the appearing commissioner, Mr. Werfel stated.

“Whereas leaving a job you’re keen on isn’t straightforward, I take consolation in understanding that the civil servant leaders and staff on the I.R.S. are the precise proper crew to successfully steward this group ahead till a brand new I.R.S. commissioner is confirmed,” he wrote.

With greater than 80,000 staff, the I.R.S. is a central a part of the federal authorities, amassing almost $5 trillion in tax income final fiscal 12 months. With $60 billion in extra funding accepted by Democrats, the company has in recent times tried to beef up tax assortment for rich People and replace its antiquated expertise techniques.

The I.R.S. has lengthy been a villain to Republicans, who assault it as a political device for Democrats. Mr. Lengthy, Mr. Trump’s choose to steer the company, has scant tax expertise past promoting a pandemic-era tax credit for small companies that the I.R.S. has tried to close down due to abuse. Republicans have already canceled $20 billion of the $80 billion Democrats initially envisioned for the I.R.S., and so they have frozen $20 billion extra.



Source link

Tags: CommissionerI.R.SOfficeQuittakesTrump
Share196Tweet123
Previous Post

Beyond RAG: How cache-augmented generation reduces latency, complexity for smaller workloads

Next Post

Bitcoin Price Could Surpass $200,000 In 2025, Blockchain Firm Sets Target

Investor News Today

Investor News Today

Next Post
Is Bitcoin Price Top At $146,000? Here’s Why CryptoQuant Thinks So

Bitcoin Price Could Surpass $200,000 In 2025, Blockchain Firm Sets Target

  • Trending
  • Comments
  • Latest
The human harbor: Navigating identity and meaning in the AI age

The human harbor: Navigating identity and meaning in the AI age

July 14, 2025
Private equity groups prepare to offload Ensemble Health for up to $12bn

Private equity groups prepare to offload Ensemble Health for up to $12bn

May 16, 2025
Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

February 5, 2025
Niels Troost has a staggering story to tell about how he got sanctioned

Niels Troost has a staggering story to tell about how he got sanctioned

December 14, 2024
Why America’s economy is soaring ahead of its rivals

Why America’s economy is soaring ahead of its rivals

0
Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

0
Nato chief Mark Rutte’s warning to Trump

Nato chief Mark Rutte’s warning to Trump

0
Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

0
Trump Fed candidate Hassett stresses central bank independence from politics

Trump Fed candidate Hassett stresses central bank independence from politics

September 8, 2025
Over 1 Million in Bitcoin Locked in Treasuries as Institutions Pour In $1 Billion

Over 1 Million in Bitcoin Locked in Treasuries as Institutions Pour In $1 Billion

September 8, 2025
Kinto Tanks 81% After Announcing Its Blockchain Will Shut Down

Kinto Tanks 81% After Announcing Its Blockchain Will Shut Down

September 8, 2025
Student loan payments on pause? What to know

Student loan payments on pause? What to know

September 8, 2025

Live Prices

© 2024 Investor News Today

No Result
View All Result
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech

© 2024 Investor News Today