Warren Questions Trump's IRS Nominee Experience and Tax Credit Promotion
Warren Expresses Concerns Over IRS Nominee
Senator Elizabeth Warren (D-Mass.) has raised serious concerns regarding President-elect Trump's nominee to lead the Internal Revenue Service (IRS), former Rep. Billy Long (R-Mo.). In her recent letter, she pressed him for clarity about his past experience and his promotion of the employee retention tax credit (ERTC), which has been mired in controversy.
Critical Points About Long's Experience
- Warren pointed out that Long's primary tax-related experience comes from advocating a fraud-ridden pandemic-era tax credit.
- Despite his twelve years in Congress, he lacks a presence in the IRS tax preparer database.
- Concerns were raised about his involvement in facilitating ERTC claims and potential fraud.
IRS and ERTC Program Fraud
Warren further noted that the ERTC has been exploited by promoters encouraging dubious claims from businesses. IRS Commissioner Danny Werfel remarked in June on the ERTC turning into a significant avenue for fraud.
Furthermore, discussions are arising in Congress about the future of the ERTC program following recent legislative attempts to eliminate it, which have faced considerable pushback.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.