Breaking News
Breaking News
from Washington and beyond

Trump’s IRS Pick Had Some Interesting People Pay Off His Personal Debt

Billy Long received quite a bit of money after Trump picked him to lead the Internal Revenue Service.

Billy Long, Trump’s nominee to lead the IRS, laughs while holding a Make America Great Again cap.
Ethan Miller/Getty Images

Donald Trump’s nominee to run the IRS, Representative Billy Long, just had a six-figure debt paid off by campaign donors, all of whom happen to have tax issues with the IRS.

Long reported in campaign finance disclosures that he loaned $130,000 to his unsuccessful 2022 campaign for the U.S. Senate, with the dormant campaign committee raising $36,000 in the past two years. This meant that Long would have been personally on the hook for more than $100,000.

Shortly after Trump announced Long as his pick to head the IRS, the committee was suddenly flush, taking in $137,000 in under three weeks in January, and Long used that to reimburse himself. Two-thirds of those donations were for $2,900, the maximum amount allowed by law, and one-third of them came from donors in the tax consultant industry or people with tax-related legal issues.

“Making political contributions to aid Billy Long seems like a surefire way to ingratiate yourself with the man poised to lead the IRS, especially when we’re talking about contributions to help repay campaign debt that is just loans to the candidate himself and contributions to his leadership PAC,” Michael Beckel, senior research director of the campaign finance reform organization Issue One, told Lever News.

“People often criticize campaign contributions for being legalized bribery, but in this case, we’re truly talking about money being given to Long to repay himself,” Beckel added.

Some of the contributors to Long’s campaign worked at firms accused of a fraudulent tax scheme in which they hawked fake tax credits, according to Democrats on the Senate Finance Committee. After leaving Congress in 2023, Long worked at one of the companies, Lifetime Advisors, and had dealings with some of the others, such as White River Energy.

“Given IRS Commissioner nominee Billy Long’s direct financial ties to White River and other entities implicated in this scheme, we are concerned that if confirmed, Long could undermine enforcement actions related to this fraudulent scheme,” Democratic Senators Ron Wyden and Catherine Cortez Masto wrote in an April 14 letter to acting IRS Commissioner Melanie Krause.

Long’s confirmation is still awaiting a Senate vote, but unless Republicans in the chamber grow spines, he’ll probably sail through. Trump choosing him in the first place shows how corruption is now openly tolerated in the Republican Party, inspired by the activities of the top man himself.

More on Trump’s open corruption:

Elon Musk’s DOGE Minions Have a New Job on Trump’s “Gold Card” Scheme

The absolute worst people are working on Trump’s plan for “Gold Card” visas for immigrants.

MANDEL NGAN/AFP/Getty Images
MANDEL NGAN/AFP/Getty Images
Donald Trump holds up a $5 million “Gold Card” as he speaks to reporters on board Air Force One, on April 3.

Elon Musk’s Department of Government Efficiency is involved in Trump’s plan to have people buy their way to American citizenship.

As the Trump administration continues to blatantly ignore court orders and deport thousands of immigrants without justification, Musk’s crew of twentysomething goons is building out a special type of $5 million visa designed to give “high-level people” a “route to citizenship.”

Dubbed “gold cards” by Trump, the visas were first announced in February. Each card sells for $5 million and would replace the E.B.-5 visa program. DOGE is now working with the Department of Homeland Security, the State Department, and United States Citizenship and Immigration Services to build out the project’s website and application process, The New York Times reported Wednesday. His team consists of Marko Elez (the 25-year-old with a history of racist X posts), 19-year-old Edward Coristine, who publicly goes by “Big Balls,” and the billionaire co-founder of Airbnb.

Elez and Coristine have been meeting with staff at different agencies in charge of the immigration vetting process to determine how to build out their system.

While much of MAGA has pushed to eradicate immigration of any kind, Musk has at times defended immigration—if those coming to the U.S. are college-educated, wealthy, and will comply with his mission to run the country like a private start-up.

Commerce Secretary Howard Lutnick has touted the “gold card” program and claimed the government has already made $5 billion off the scheme, even though it doesn’t exist yet.

“Yesterday I sold a thousand,” Lutnick said in a podcast interview last month.

“The idea is, if I was not American, and I lived in any other country, I would buy six—one for me, one for my wife, one for my four kids—because God forbid something happens, I want to be able to go to America, and I want to have the right to go to the airport to go to America,” Lutnick added, foreshadowing a not-so-distant reality where only the ultrawealthy can relocate to Trump’s America.

Here’s How Much Money Trump’s Tariffs Are Actually Making

Donald Trump promised his tariffs would make the country rich.

Donald Trump hols his hands out the side and speaks while sitting in the Oval Office
Win McNamee/Getty Images

U.S. Customs and Border Protection has revealed how much money has been generated from Donald Trump’s tariffs—and it’s not nearly as much as the president has claimed, NBC News reported Wednesday.

“Since April 5, CBP has collected over $500 million under the new reciprocal tariffs, contributing to more than $21 billion in total tariff revenue from 15 presidential trade actions implemented since Jan 20, 2025,” CBP said in a statement to CNBC Monday.

But that directly contradicts Trump’s claim that his tariffs are raking in a whopping $2 billion every day.

The real number is closer to $250 million per day, according to the CBP. The Treasury Department reported Monday that the day’s deposits listed under “Customs and Certain Excise Taxes” totaled $305 million.

Earlier this month, Trump announced sweeping a “reciprocal tariff” policy, imposing a blanket 10 percent tariff on products from nearly every country in the world. After the stock market tanked, Trump announced a three-month pause on imposing the tariffs, with an exception for China, on which he has levied a 145 percent tariff on everything but certain tech products.

In return, China has imposed its own 125 percent tariff on all U.S. goods, which is already hurting American farmers, who exported $1.6 billion worth of beef to China last year.

Trump has also imposed a 25 percent tariff on goods from Canada and Mexico, as well as a 25 percent tariff on imported cars and autoparts.

Federal Reserve Chair Jerome Powell warned Wednesday that Trump’s sweeping tariff policy would likely raise inflation, despite the president’s many promises to lower prices upon entering office.

Dem Senator Exposes El Salvador’s Cruelty on Kilmar Abrego Garcia

Senator Chris Van Hollen visited El Salvador to try to return the wrongly deported Maryland resident. The answers he got there were appalling.

Senator Chris Van Hollen is surrounded by reporters’ microphones on his trip to El Salvador to visit the wrongly deported immigrant Kilmar Abrego Garcia.
MARVIN RECINOS/AFP/Getty Images

El Salvador won’t let Senator Chris Van Hollen have any contact with Kilmar Abrego Garcia, a Maryland resident who is being unlawfully detained in a megaprison in the country.

Van Hollen traveled to El Salvador Wednesday in search of answers about Abrego Garcia’s whereabouts. The father of three was deported last month due to an “administrative error” by the Trump administration, which continues to claim Abrego Garcia is a member of MS-13, despite there being no evidence to prove it.

The Democratic senator from Maryland asked Salvadoran Vice President Félix Ulloa if he could arrange a meeting with Abrego Garcia, he told reporters Wednesday.

“He said he was not able to make that happen,” Van Hollen said, adding that Ulloa gave him the same response when he asked if he could come back next week instead.

“So I asked if I could get on the phone, either video phone or phone, and talk to Mr. Abrego Garcia to see how he’s doing,” Van Hollen continued. Ulloa won’t let that happen either. Nor will he allow Abrego Garcia to speak with his family, for whom Van Hollen promised he would get answers.

The Trump administration is currently paying El Salvador $6 million to detain more than 200 immigrants in CECOT, a megaprison where people all but disappear once they’re locked up. The notorious institution is the centerpiece of President Nayib Bukele’s violent crackdown on crime, and can hold up to 40,000 inmates. CECOT inmates are shut out from the outside world—they’re not allowed visitors or phone calls with loved ones, nor are there any programs to help them integrate back into society upon release—a cruel but convenient place for Trump to send people he doesn’t want tracked down.

Last week, the Supreme Court ordered the White House to “facilitate” the return of Abrego Garcia, but Trump still hasn’t done anything to make that happen. And it seems like El Salvador won’t either, a scary indication of just how much the government is cozying up to Trump amid his mass deportation plans.

In a meeting with Trump on Monday, Bukele said he will not return Abrego Garcia to the U.S., nor will he release him in El Salvador, despite the Supreme Court’s orders. Van Hollen is the first Democrat to step up and demand Abrego Garcia’s release on Bukele’s home turf.

“The goal of this mission is to let the Trump administration, to let the government of El Salvador know that we are going to keep fighting to bring Abrego Garcia home,” he said, finally showing some long-awaited courage from the Democratic Party.

Stock Market Tanks After Fed Chair Powell’s Ominous Warning

Donald Trump’s policies are about to destroy the economy.

Federal Reserve Chair Jerome Powell speaks at a lectern at The Economic Club of Chicago.
Jamie Kelter Davis/Bloomberg/Getty Images

After Jerome Powell issued a warning about the economic consequences of tariffs Wednesday, the stock market fell, seeming to confirm his words.

The Dow Jones industrial average was down nearly 900 points, the S&P 500 fell over 150 points, and Nasdaq was down over 620 points as of this writing after the Federal Reserve chair’s remarks to the Economic Club of Chicago.

“The level of tariff increases announced so far is significantly larger than anticipated, and the same is likely to be true of the economic effects, which will include higher inflation and slower growth,” Powell said.

Trump’s tariffs have caused wild stock swings in the past few weeks as he seems to change his mind repeatedly on which countries are getting hit with which rates. The resulting uncertainty threatens to put the U.S. economy on a path of increased unemployment, rising inflation, and weak growth, which Powell warned is an unprecedented situation.

“These are very fundamental policy changes,” Powell said. “There isn’t a modern experience for how to think about this.”

Right now, in addition to a baseline 10 percent tariff on most U.S. imports, Trump has placed 25 percent tariffs on aluminum and steel as well as on Mexican and Canadian goods not covered by existing trade agreements. In addition, there is a 25 percent tariff on automobiles and a massive 145 percent tariff on all Chinese goods.

All of that threatens an economy that experts considered “historically strong” before Trump’s inauguration at the start of this year. Powell’s warnings Wednesday reflect how Trump changed that outlook in just three months, threatening a recession down the line. Sometime before that point, the president will demand interest rate cuts from Powell and the Fed, and how the chair will handle that remains to be seen.