Posted on 06/26/2026 4:09:35 AM PDT by DFG
Frank Bisignano wants to run the Internal Revenue Service like an efficient private company – and this week he hired Jamie Dimon’s private banker to help him do just that, On The Money has learned.
Vince La Padula has spent the past 23 years at JPMorgan running something called the “workplace solutions” business in the big bank’s wealth management arm. Now, he’s joining Uncle Sam’s tax collection agency as Bisignano’s No. 2.
La Padula’s resume includes stints in New York City government under Rudy Giuliani and Mike Bloomberg. At JPM, he was also the bank’s point man on Ukraine and its efforts to build a post-war economy.
But La Padula was also, in a sense, Dimon’s own personal banker, handling his estate planning and investment needs as a key lieutenant of Mary Erdoes, the head of JPM’s asset and wealth management division.
Starting next week, he will take a still-undefined senior role at the IRS, essentially serving as Bisignano’s No. 2, an interesting move for the nation’s largest and most prestigious bank to a notoriously bureaucratic (and much hated) government agency.
The Trump White House is looking to change all of that, I am told. The goal is to remake the IRS from an obnoxious tax collector and issuer of dreaded audits to something more taxpayer friendly.
That’s where Bisignano comes in. A longtime corporate CEO and himself a former JPM top executive, he was hired by president Trump and Treasury Secretary Scott Bessent as the IRS’s first “chief executive officer,” a title worth noting. In the past, the IRS was run by commissioners, mainly bean-counting political types appointed by the president and confirmed by the Senate.
(Excerpt) Read more at nypost.com ...
Commissioner, not CEO.
“The IRS is led by the Commissioner and Chief Executive Officer who oversee the organization’s operating divisions and integrated support functions.”
https://www.irs.gov/about-irs/irs-organization
From AI:
“The IRS has a CEO because the Treasury Department administratively created the position to manage the agency’s day-to-day operations and bypass the lengthy Senate confirmation process required for a traditional Commissioner.
The primary reasons and context for this structure include:
Executive Appointment: The CEO title was created to install leadership quickly after the agency cycled through multiple acting commissioners and faced high turnover.
Dual Leadership: Treasury Secretary Scott Bessent (who also serves as the Acting IRS Commissioner) appointed Frank Bisignano—who also serves as the Commissioner of the Social Security Administration—to run day-to-day IRS operations.
Private-Sector Focus: Officials stated the role was designed to bring private-sector management efficiency, better customer service, and modernization to the agency’s complex bureaucracy.”
Wow, didn’t know that, thanks! Thought it was confusion over corp vs gov.
Just more hands in the pot, and less for the people that have paid into the system their whole lives. Big bank crooks, just what we need, more crooks .
It would be more friendly if it didn't exist.
Collecting taxes is not really what the IRS is about. The IRS's real purpose is creating political power.
The tax code defines who and how much people are taxed.
Rich people want to keep their money. Rich people are willing to spend a little money to keep a lot of money.
Rich people hire connected people to bribe (campaign contributions) politicians to write tax code to let them keep their money and to take the money of their competition.
The IRS is one end of the Pushme-PullYu that is the Federal Government. The other end is Federal Spending. Both are all about power. It is not about doing things for The People.
Would you prefer a DEI hire bureaucrat to have the position?
EC
“We’re your friends from the IRS. We’re here to help!”
I probably still won’t get the $1,600 and interest from nearly a decade ago the bastards still owe me.
We do not need a more efficient IRS taking money from wealth-producers to fund $ trillions in fraud.
I am not disputing that.
I didn’t say it but I was referring to corporate income tax.
Yes, personal income tax, the rich pay a lot.
But those rich people own companies.
And most of their wealth is tied up in these companies that generate their wealth. If the company succeeds, they succeed.
The way CEOs are paid today is dependent on short term company goals get the government to engineer taxes a certain way so that your company gets favorable tax treatment while you competitors do not, you meet your company’s short term goals. You get your bonuses and stock options.
Sure they pay a lot of taxes but they avoid a lot more. And many of the companies they own pay no taxes.
Believe me if we are going to have an income tax I do not believe that corporations should pay any taxes. They are not people and only people should pay taxes.
Income tax should be a flat 10% for all adults regardless of income. That way everyone suffers equally and everyone has skin in the game. It should be a constitutional amendment so that congress can not play favorites. It might also force them to use their power to use tariiffs and excise taxes more effectively to protect the economic interest of the US.
Let’s face it the rich are rich because they are smart, and they employ rich people to ensure they stay rich and get richer.
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