President To Nominate John Koskinen As Next IRS Commissioner
President Obama has announced his intention to nominate John
Koskinen for the next commissioner of the IRS. Koskinen formerly served as the
nonexecutive chair of the Federal Home Loan Mortgage Corporation (generally
known as Freddie Mac) after the housing crisis, from 2008 to 2011, and as the
interim chief executive officer in 2009. He retired from the board at the end
of February 2012, but currently still serves on the boards of AES Corp. and
American Capital, Ltd.
Comment
"John is an expert at turning around
institutions in need of reform," President Obama said in a
statement accompanying his announcement. "With decades
of experience, in both the private and public sectors, John knows how to lead
in difficult times, whether that means ensuring new management or implementing
new checks and balances."
Background. If confirmed, Koskinen would replace the
current Principal Deputy Commissioner of Internal Revenue, Daniel Werfel.
President Obama appointed Werfel as the effective temporary head of the IRS in
May 2013, following former Acting IRS Commissioner Steven Miller’s resignation
under pressure from the scandal involving inappropriate targeting of exempt
political organizations. Former IRS Commissioner Douglas H. Shulman had already
left after his term expired in November 2012.
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