Bessent says he is performing IRS commissioner duties amid Trump tax settlement scrutiny
Treasury Secretary Scott Bessent stated he is performing the duties of the IRS commissioner amid scrutiny over President Trump's tax settlement. During a Senate hearing, Bessent clarified that he is not the acting commissioner but retains authority due to the vacancy. The discussion highlighted concerns regarding the treatment of taxpayers whose information was leaked compared to Trump's family.
- ▪Scott Bessent is performing the duties of the IRS commissioner but is not the acting commissioner.
- ▪Bessent's authority was questioned during a Senate Finance Committee hearing led by Senator Catherine Cortez Masto.
- ▪The IRS stated that Bessent's term as acting commissioner had expired, but he still has responsibilities for vacant Treasury offices.
Opening excerpt (first ~120 words) tap to expand
Treasury Secretary Scott Bessent said Wednesday that he is "performing the duties" of Internal Revenue Service commissioner, even as he insisted he is not the agency's acting commissioner, during a heated Senate exchange over President Donald Trump settlement with the IRS.Bessent, who had been the acting IRS commissioner since August, took over the commissioner duties in a little-noticed move two and a half months ago, the agency said in a post on its website March 13. The IRS said Bessent's time as acting commissioner had "expired" but that he "retains the authority and responsibility to perform the functions and duties of vacant Treasury offices that are not filled on an acting basis."The distinction became central during questioning at a Senate Finance Commitee hearing from Sen.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.