https://www.taxtmi.com/news?id=30518 The confirmation hearing centered on the nominee's support for extending the 2017 tax cuts-offset by proposed spending cuts and tax shifts-and his commitment to maintain the IRS Direct File system for the upcoming tax season. Senators questioned his positions on tariffs, sanctions, cryptocurrency oversight, and Treasury's role in fiscal policy and debt management. Democrats raised allegations of past hedge-fund tax avoidance and sought information on agency independence, workforce matters, and potential conflicts of interest, indicating sustained scrutiny if confirmed. en-us Fri, 17 Jan 2025 00:16:02 +0530 Fri, 17 Jan 2025 00:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30518 The confirmation hearing centered on the nominee's support for extending the 2017 tax cuts-offset by proposed spending cuts and tax shifts-and his commitment to maintain the IRS Direct File system for the upcoming tax season. Senators questioned his positions on tariffs, sanctions, cryptocurrency oversight, and Treasury's role in fiscal policy and debt management. Democrats raised allegations of past hedge-fund tax avoidance and sought information on agency independence, workforce matters, and potential conflicts of interest, indicating sustained scrutiny if confirmed. News - Fri, 17 Jan 2025 00:16:02 +0530 https://www.taxtmi.com/news?id=30518