Today, the Senate Finance Committee completed its hearing on the nomination of John Andrew Koskinen to be Commissioner of the Internal Revenue Service. The Committee will vote on Koskinen’s nomination on Friday. The Committee will also vote on the nomination of Sarah Bloom Raskin to be Deputy Secretary of the Treasury.
At today’s hearing, Chairman Baucus said, “If confirmed, Mr. Koskinen will face many challenges. The IRS plays an important role in tax reform, it is key to the Affordable Care Act’s implementation, and perhaps most importantly, it must win back the American people’s trust. That means undoing the damage done by the Inspector General’s report on the IRS’ handling of 501(c)(4) applications. Mr. Koskinen has a history of succeeding in demanding roles: At Freddie Mac in the heat of the financial crisis. At the helm of the District of Columbia’s financial turnaround in the early 2000s. As a turnaround artist in the private sector. Even as the leader of the team that addressed Y2k concerns. He is the right person to take on this challenge, and with filing season approaching, the IRS needs its leader in place.”