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Senate Finance Committee presses Billy Long over referrals to promoters of disputed tribal tax credits and campaign donations
Summary
At his Senate Finance Committee hearing, Representative Billy Long faced sustained questioning about referral fees tied to promoters selling tribal tax credits the IRS said were not legitimate, a spike in campaign donations after his nomination, and whether those payments created conflicts if he were confirmed as IRS commissioner.
Representative Billy Long, the president's nominee for commissioner of the Internal Revenue Service, faced repeated questioning before the Senate Finance Committee about his post‑congressional work referring clients to tax promoters who sold so‑called tribal tax credits and about large campaign donations that arrived after his nomination.
The questioning centered on committee findings that Long received $65,000 in referral fees reported as coming from Capital Edge Strategies, that some promoters were tied to White River Energy Corporation, and that roughly $165,000 in contributions to Long's dormant Senate campaign arrived after the White River scheme was reported in the press. Senator Wyden pressed the point directly, quoting the IRS and saying, “We can confirm that these…
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