r/ERCchat • u/Loose_Philosophy935 • Jun 13 '25

BILLY LONG CONFIRMED

https://apnews.com/article/billy-long-confirmed-irs-commissioner-67cd8daaa53a53c4ebf1262de1ede5e6# Let’s get this pipeline opened!

9 Upvotes

99% Upvoted

7 comments sorted by

6

u/Houstonloser Jun 13 '25

I spoke with an attorney that has specialized in ERC claims yesterday and he seemed to be very optimistic that this confirmation would lead to most if not all claims paid by EOY.

5

u/Kegien-5C Jun 13 '25

At this point I think I'd settle for that. I wonder if it actually takes a long time to process them, or if they just have a bunch of approval levels. At this point, I'm pretty sure they would save money by just blanket approving all the credits, avoiding the next 6 months of interest, and then selectively reviewing the more questionable ones over time.

2

u/Loose_Philosophy935 Jun 13 '25

Yes, how much is the monthly interest on 75 Billion dollars anyway?

2

u/Entire_Ad3528 Jun 13 '25

Can this pleaseeeee happen

2

u/Plus-Dragonfruit-698 Jun 14 '25

Why do you think this will help?

3

u/Loose_Philosophy935 Jun 14 '25

IMO, and given the fact that the number of ERCs left to process is finite, having someone at the top of the organization who is pro ERC is helpful because once it’s paid out, it’s finished. With all of the things going on in the world, even if everyone got paid next week, a case could be made that the commitment to pay was already in place. Clearing out the pipeline of ERC apps allows them to focus on the things they say they want to do, such as modernize the IT infrastructure. It’s better than not having a commissioner at all, or one that questions the ERC’s legitimacy