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Larry Gibbs Quoted on Werfel's Role and Challenges in Tax Notes

"Attention Turns to Werfel as IRS Implements Long-Term Funding"

Tax Notes

Former Internal Revenue Service (IRS) Commissioner Larry Gibbs discussed the role and challenges ahead for IRS Commissioner Daniel I. Werfel who took the helm of the agency on March 13, as it deploys nearly $80 billion in long-term funding provided by the Inflation Reduction Act (IRA). Gibbs said, "[Werfel] is just an absolutely superb person; he's coming back to take the job of IRS commissioner at a very difficult time, and he's doing it because he wants to give back to the United States. Werfel has made it clear that he's going to be transparent about how the funds are spent. "That's partly the kind of person he is and partly because that's just the way the politics are these days — the Republicans are going to be very, very interested in how the money is spent," Gibbs said. "Either we're going to find a way to make our tax system work and work better and earn the respect of the citizenry or we're not. And if we're not, God help us."