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Will Billy Long implement a major IRS policy change favoring small businesses by December 31, 2025?
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Donald Trump•Truth Social•Billy Long•Missouri•Internal Revenue Service•IRS•Congress•Fair Tax Act•Long•Trump•Danny Werfel•Biden
Resolution / Starting Odds
Yes • 50%
No • 50%
Official IRS announcements or policy documents
Story
President-elect Trump Names Auctioneer and Ex-Congressman Billy Long as IRS Commissioner, Replacing Danny Werfel
Dec 4, 2024, 11:09 PM
President-elect Donald Trump has announced on Truth Social his intention to appoint former Congressman Billy Long of Missouri as the Commissioner of the Internal Revenue Service (IRS). Billy Long, renowned as one of the most respected auctioneers in the country, served 12 years in Congress and has 32 years of experience running his own businesses in real estate and auctioneering. In 2011, he co-sponsored the Fair Tax Act, which proposed replacing federal income, payroll, and estate taxes with a national sales tax. Long is praised for his bipartisan respect and is a long-time advocate for small businesses and tax simplification. His appointment signals a shift towards a business-friendly approach to taxation and indicates Trump's intent to replace current IRS Commissioner Danny Werfel, whose term ends in 2027 and was chosen by President Biden to lead an overhaul of the IRS.
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Similar markets
No significant changes • 25%
Simplification of current tax code • 25%
Adoption of national sales tax • 25%
Other major reform • 25%
Significant positive impact • 25%
No significant impact • 25%
Negative impact • 25%
Moderate positive impact • 25%
Decrease • 25%
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Increase • 25%
No Change • 25%
Withdrawn • 25%
Pending • 25%
Confirmed • 25%
Rejected • 25%
Confirmed • 33%
Withdrawn • 33%
Rejected • 33%
Other Reform Passed • 25%
National Sales Tax Passed • 25%
Income Tax Reform Passed • 25%
No Major Changes • 25%
