Bessent Replaces Acting IRS Commissioner in Musk Power Struggle
Faulkender previously led the Paycheck Protection Program in Trump’s first administration.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
Treasury Secretary Scott Bessent appointed his deputy, Michael Faulkender, as the next acting commissioner of the Internal Revenue Service after reports the current leader of the agency, Gary Shapley, had been installed at the urging of Elon Musk without Bessent’s knowledge.
“Trust must be brought back to the IRS,” Bessent said in a post to X on Friday, calling Faulkender “the right man for the moment.”