Bloomberg Tax: Warren Seeks Details From Donors to IRS Pick’s Dormant Campaign

Senate Finance Committee Democrats say donors to IRS commissioner pick Billy Long’s hibernating campaign fund could have been illegally influencing the former House lawmaker.

“This brazen attempt to curry favor with Mr. Long is not only unethical—it may also be illegal,” the lawmakers led by Sen. Elizabeth Warren (D-Mass.) wrote in one of the letters seen by Bloomberg Tax that were sent Thursday. The letters suggest that the circumstances of the donations raise questions over whether they constitute a violation of federal anti-bribery laws.

Also at issue is the timing and size of the donations that were made to Long, who could soon lead the tax collection agency. Democrats asked donors why they gave, whether their donations were solicited, and whether they had matters currently pending in front of the IRS.

Long, a former Republican House member from Missouri who has a confirmation hearing with the panel May 20, hasn’t been on any ballot for several years but saw nearly $137,000 flow into his dormant campaign committee for a Senate seat in the first quarter of this year. He also used the funds to repay a $130,000 personal loan. Donors to his campaign included people associated with firms that promoted so-called sovereign tribal tax credits that the Treasury Department and IRS say don’t exist.

Warren signed the letters along with Finance ranking member Sen. Ron Wyden (D-Ore.) and member Sen. Sheldon Whitehouse (D-R.I.). The Democrats’ letter is the latest in a string of demands from Democrats pressing Long about his dealings with White River Energy Corp., which has been selling the credits to wealthy investors through a network of promoters.

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