Trump ousts IRS commissioner, Bessent takes over | JQJO

President Trump abruptly removed IRS Commissioner Billy Long, replacing him temporarily with Treasury Secretary Scott Bessent. Long, who assumed the role in June, will become the ambassador to Iceland. This change follows Trump's new tariffs and recent tax law changes. Bessent, already juggling trade negotiations and the Federal Reserve chair search, now oversees the IRS, the sixth person to hold the position this year under Trump. The IRS has seen job cuts under the Trump administration. The move comes amid a shift in revenue collection due to increased tariff revenue.