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President of the Chartered Institute of Taxation of Nigeria (CITN), Samuel Agbeluyi, recently had an interactive session with members of the Finance Correspondent Association of Nigeria (FICAN), during which he shed some light on President Bola Tinubu’s tax reform bills and also explained why the proposals are for the overall good of the country’s economy. Tony Chukwunyem reports President Tinubu’s tax reform bills, currently before the National Assembly, have sparked a lot of controversy among various groups in the country, with some critics questioning the President’s decision to send the bills to the lawmakers at this time. What is your take on the issue? I’m not here to say whether the timing of the tax reform bills is right or wrong. I even believe that it is right and that we need those amendments passed as quickly as possible so that the Nigeria can actually benchmark its economy against other countries’. As we are speaking, a lot of people want to invest in Nigeria. The President is going all over the world, marketing the country. It is good to market the country, but the people who are coming into Nigeria, will do their background check; they will still do all the necessary findings before they come because you are just one of several countries in the world. So for them to come, there has to be certainty on what they want to put on the table. I will give you an example. Taxation is a major point; it is a major variable that they must be sure of before they come in. So for tax professionals, how do you advise an American or a French person that we have about 65 types of taxes; how do you explain that? You are already demarketing the country yourself. And if you don’t say it, you are telling lies and as a professional you are not supposed to tell lies. These 60 or 65 taxes, depending on the state you are visiting, exclude the activities of non-state actors; those ones who would come to your shop and ask you to do something (part with your money) otherwise they would disrupt your business. You are carrying goods from one point to another and they are not allowing you to do that. So for tax professionals we have been longing for this kind of bill so that we will have certainty of the law guiding and administering the tax arrangement in the country. Also, statistics reveal that only nearly five different types of taxes that we have among the 60 or 65, are actually bringing in over 90 per cent of our tax revenue. Now how do you bother the system, disturb a business, disturb a company, disturb the personnel working with company with about 60 different types of taxes that are not helping the country? If revenue is by the number of taxes that you collect, Nigeria’s tax to GDP will be over 30 per cent. So why are we struggling with a low tax to GDP ratio? So, it means that we just have those things as nuisance tax as we call them. You are not helping the system. President Tinubu mentioned his dislike for multiple taxation immediately after he assumed office and he walked the talk and set up a committee and we are where we are today. So to me, that we are bringing sanity to the tax space is a great thing. Imagine the fact that companies receive letters from local government that they want to check their books; states will write that they want to check their books for various tax responsibilities; FIRS will also write. The laws that set up these tax laws and responsibilities allow for audit. So you can’t say FIRS don’t come and audit me. FIRS can call you for audit and they can do investigation. The state has the same power. So when you subject somebody who is operating in a very hostile business environment to this kind of tax administration, you are not helping that system. And after sometime, people don’t want to do business again. They will prefer to put their money in treasury bills. They would say, let me invest somewhere else and I won’t need to bother myself with diesel, generator and these people coming from revenue office. That is not helping us because you can only create employment when people do business; when they set up companies. So the benefits of the tax reform bills are enormous. You have the benchmark for the threshold for small business being raised from 25 per cent to 50 per cent; that is a major move. What they are saying is that, have more money in your hand; go and do your business; once you are prosperous enough, then you can visit us or we can visit you. But if you are still operating between the 25 and 40 per cent threshold, most likely, your working capital will be impaired. And you know getting money from the banks, particularly for SMEs in Nigeria, is a tall order. Also, you know that you can’t drive economic activities with taxation because without economic activities there will be no taxation. The moment you put too much pressure on companies, they will fold up and they will not be there tomorrow for you to collect anything. Can you share your views on the debate over the proposed derivation of Value Added Tax (VAT) based on consumption? We have talked so much about derivation as if it is the only thing in the VAT bill. If you buy equipment, before now, the money you expend to put the infrastructure for the equipment and the like in place, let’s say N200 million, by virtue of what we have as at today, depending on the nature of that equipment, you can’t retrieve your money until five or 10 years. But what is being proposed in this bill is that your equipment, the amount you spend on assets, will be zero rated. Zero rated means that you can claim the input. So that in that year, you will claim the input and that is all and of course your turnover or whatever it is that is your output. Another aspect of the benefit of this bill is that before now, once you do the differential and government needs to refund money to you, under this bill, the process for refund is made simpler. But as we speak and I have been in practice for quite some time, no company can get refund from the FIRS until they subject you to another round of audit and that will take years. So the amount of relief that is being given to the tax payer under this proposal is enormous. And again I repeat that the derivation principle, if it would pose a problem, then it can dropped. Everybody must be carried along. If state A is not doing well the fall out of not doing well will get to the state that is doing well. So beyond economic activity you also need to look at the social aspects of the bill and the political balancing, that is fair. How would you react to the view that the reason there is so much controversy about the tax reform bills is that the Presidency didn’t consult widely enough before sending them to the National Assembly? There was a lot of consultation among tax professionals within the six geo political zones in the country, but evidently it is not enough. And I think it won’t be enough. What we tax professionals need to know is that we have talked to ourselves and those who were not part of the consultation have all the facilities to read what was going on. But for the political leaders, I was expecting a lot of consultations and buyin, because without buy in, this massive change will look strange to some people and that is what we are seeing. I expect that consultation at this level to be led by the President himself. This is because Nigeria has a lot to gain once this thing is successful and we have a lot to lose should it not be successful-God forbid. So I expect the Presidency, the political leaders to lead the consultations. Let’s not be carried away; and that is why as an Institute, we are sticking to the technical points. The political leaders know how they can actually talk to themselves. So we recommend that this should be done immediately so that everybody will be on the same page. Won’t low income earners be adversely affected by these bills as it appears they are not being consulted? I don’t see how it will adversely affect them. Even at the point of deliberation on the bill some state internal revenue chairmen asked questions about who would be paying personal income tax in form of PAYE in the their states under the new minimum wage. Now, let’s work with the statistics. What do you actually receive from somebody receiving N30, 000? In any country, the big people are the ones who actually pay personal income tax and statistics have shown that they are under 10 per cent. So we have all the big people in the country so what they need to do is to be good. Now there is another school of thought that says don’t exempt anybody; once they pay N1 or N2 into the pocket of the government it gives them the moral right; a sense of belonging. But ‘sense of belonging’ for somebody who is dying? So, I think that the voice for exception for low earners should be louder. Years ago, I represented this Institute-I was not the President then- at a public hearing held by the National Assembly on minimum tax. As an Institute we have spoken against minimum tax. This is because, minimum tax is capital erosion. Somebody has done his business for a year, he didn’t make profit (because you are supposed to subject his profit to tax computation), but he didn’t make profit and you say he must do minimum tax. Where is he getting the money from? From his capital. So you are eroding the capital. And in Nigeria, we have gone through a lot of trails, if I can use that word. As the President said: ‘Let the poor breathe’. If we must follow that slogan, then exempt the low earner so that Nigeria will be better. What is likely to be the impact of the tax reform bills, if passed, on financial inclusion? I will go back to the cashless economy policy of the Central Bank of Nigeria (CBN) and its naira redesign programme. For those of us who have travelled outside this country, how often do you see people carrying cash? God help you if you are a black man and you get to any store in London and you bring out 100 pounds or 50 pounds. I have met a Briton who said he has never sighted 50 pounds in his life time. And we are carrying cash up and down in Nigeria. Who benefits? I’m speaking to the benefits of cashless economy and the naira redesign programme. Whatever the immediate past CBN Governor has done right, we acknowledge; whatever he has not done right, we isolate and deal with it on its merit and not to throw everything into the dustbin. So let’s take the very reasonable conclusion on the cashless economy: many people should have access to banking services. However, to do that, you also need to talk to CBN. The outrageous charges are also one of the things driving people away from the banks. Thank God for the fintechs; those ones are doing better. And I say to the established banks; they’d better wake up on time before they drive all of us to the fintechs. I have entered major hotels in this country and I bring out my debit card and I see Moniepoint or Opay and I say, where are the big banks of this world? Let it not be like NITEL and the experience we are having now. So don’t drive away people from the banking sector through outrageous charges. Once you don’t do that many people will come into that space and of course it will be easy to trace transactions. Furthermore, government must hold consultations on the tax reform bills at a very senior level; it should not be left to technocrats alone. When they are in a meeting and there are aspects that are not too clear to them, they can bring in technocrats to make our presentations and we leave the hall for them. They understand their language; they know how to talk to themselves. They need to do that at this time. But the most important thing is this. Let us assume that all the issues are resolved and the bills become an Act. If we give our money in terms of our tax payments to the government and we still see this kind of lifestyle shown by Local government chairmen, spouses of local government chairmen, state governors and by the leadership at the Federal level, it will be difficult for you to have voluntary compliance. I say this with all emphasis. So we appeal to our political leaders- it is a fiduciary duty to the nation-before you leave large go and be a Dangote. And the Dangote himself is not even living large. So as a political leader stop living large at our expense; tone down the opulence. Once you do this, you will restore the trust deficit that has been lost. Once the trust deficit is restored then there will be voluntary compliance, once there is voluntary compliance, cost of collection will go down and revenue will go up. This is the way to go; this is what we recommend to government. We won’t be tired of giving our recommendations. This is because we are the ones advising people to go and pay your taxes; it’s the right thing to do; its what will make Nigeria great and so on. The Economic stabilisation bills, which we pray will turn into an Act, will not on its own make Nigeria an el dorado. What will make Nigeria an el dorado is very good usage of tax revenue.9s app casino real money download philippines 。

‘One of my heroes.’ Politicians across GA, US offer condolences after Jimmy Carter’s deathA look at how some of Trump's picks to lead health agencies could help carry out Kennedy's overhaul

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Topline President-elect Donald Trump tapped Peter Navarro as his senior counselor for trade and manufacturing, Paul Atkins as his commissioner of the Securities and Exchange Commission and David Warrington as the top White House lawyer as part of a string of appointments announced Wednesday. Key Facts Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here . White House Counsel: David Warrington Trump announced David Warrington , his campaign general counsel who represented him during the House Jan. 6 committee probe, Wednesday as the top White House lawyer, replacing his initial nominee, William McGinley, who Trump said will serve as counsel to the newly created Department of Government Efficiency. Department Of Government Efficiency Counsel: William Mcginley In what could be viewed as a demotion from White House counsel, Trump said William McGinley will instead serve as the head lawyer for the newly created DOGE, led by Elon Musk and Vivek Ramaswamy, though the Trump transition team “War Room” X account disputed the notion , insisting DOGE “needs a solid, experienced pro like Bill McGinley.” Assistant Secretary Of State: Monica Crowley A former Fox News contributor and former senior communications director for Trump’s National Security Council who stepped down from that role amid plagiarism accusations, Trump tapped Monica Crowley as assistant secretary of state and chief of protocol of the U.S., writing on Truth Social that she will “be the administration representative for major U.S. hosted events,” such as the Olympics in Los Angeles in 2028, the World Cup in 2026 and the nation’s 250th anniversary celebrations, also in 2026. Securities And Exchange Commission Chair: Paul Atkins Trump tapped Paul Atkins for the top financial regulator post, announcing his decision in a Wednesday afternoon post on Truth Social. Atkins was previously an SEC commissioner from 2002 to 2008, during the George W. Bush administration. Atkins “recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,” Trump wrote Wednesday, nodding to the crypto community’s embrace of Atkins, who would succeed crypto skeptic Gary Gensler as SEC chief. Drug Enforcement Agency Administrator: Chad Chronister Withdraws Hillsborough County (Fla.) Sheriff Chad Chronister was Trump’s initial choice to lead the Drug Enforcement Agency, but Chronister posted to X late on Tuesday that he decided to withdraw. The post was met with accounts celebrating the withdrawal and ridiculing past decisions. But, the following day Trump took credit for Chronister stepping down, saying on Truth Social Chronister “didn’t pull out, I pulled him out.” Trump said he did so “because I did not like what he said to my pastors and other supporters.” As sheriff, Chronister once arrested a pastor for breaking Covid-19 lockdown rules in 2020. Rep. Thomas Massie, R-Ky., posted to X after the announcement, saying he’s “glad to see [Chronister] withdraw from consideration. Next time politicians lose their ever-lovin minds, he can redeem himself by following the Constitution.” Senior Counselor For Trade And Manufacturing: Peter Navarro Trump chose Peter Navarro for the top trade advisor role, announcing the appointment on Truth Social and writing that Navarro “was treated horribly by the Deep State, or whatever else you would like to call it,” referencing Navarro’s conviction last year that made him the first person in history to serve a prison sentence for contempt of Congress. Nasa Administrator: Jared Isaacman Trump tapped billionaire Jared Isaacman , founder and CEO of Shift4 payment processing firm, as administrator of the National Aeronautics and Space Administration, calling him “an accomplished business leader, philanthropist, pilot, and astronaut” in a Truth Social post. Army Secretary: Daniel Driscoll Trump announced Daniel Driscoll , a senior advisor to Vice President-elect JD Vance, will serve as the senior Defense department civilian. Driscoll, an Army veteran, will “serve as a disruptor and change agent,” Trump wrote on Truth Social. Special Envoy For Hostage Affairs: Adam Boehler Adam Boehler , founder of the health-care investment firm Rubicon Founders and the former CEO of the United States Development Finance Corporation, will serve as special envoy for hostage affairs, Trump announced on Truth Social. Ambassador To Uk: Warren Stephens Trump has chosen Warren Stephens , an investment banker worth an estimated $3.4 billion, to serve as his envoy to the United Kingdom, a job that requires Senate confirmation. He leads Arkansas-based investment bank Stephens Inc., which was founded by his uncle more than 90 years ago and is known for its role in Walmart’s 1970 initial public offering. Stephens has also donated millions to pro-Trump and GOP-aligned political action committees. In a Truth Social post , Trump called Stephens “one of the most successful businessmen in the Country.” Senior Advisor On Arab And Middle Eastern Affairs: Massad Boulos Trump tapped Massad Boulos , father-in-law to his daughter, Tiffany Trump, as his senior advisor on Arab and Middle Eastern affairs. Boulos’ son, Michael Boulos, married Tiffany Trump in 2022. Boulos, the CEO of a Nigerian motor vehicle company, conducted outreach to Arab American voters for Trump during his 2024 campaign. Trump announced Boulos as his pick for the role in a Truth Social post on Sunday, calling him “an asset to my Campaign” who was “instrumental in building tremendous new coalitions with the Arab American Community.” Fbi Director: Kash Patel Trump announced Kash Patel as his pick for FBI director Saturday. Patel held multiple roles in the first Trump administration, including helping lead the GOP-controlled House Intelligence Committee’s investigation into the FBI’s probe of Russia’s links to Trump’s 2016 campaign. He served as chief of staff to former acting Defense Secretary Christopher Miller during Trump’s final months in office, and Trump reportedly attempted to install him as deputy CIA or FBI director in his final months in office, but reversed course amid internal backlash. Patel has remained fiercely loyal to Trump since he left office and has vowed to help Trump seek retribution against his various political enemies. He has also called for an overhaul of the FBI, writing in his book that the agency “has become so thoroughly compromised that it will remain a threat to the people unless drastic measures are taken,” according to excerpts cited by ABC News . Patel would replace FBI Director Christopher Wray if he’s confirmed by the Senate. Ambassador To France: Charles Kushner Trump nominated Charles Kushner , founder of the real estate firm Kushner Companies and the father of Trump's son-in-law Jared, as U.S. ambassador to France. Kushner was pardoned by Trump in 2020 after serving a prison sentence on federal charges of tax evasion and illegal campaign donations. He pleaded guilty to 18 counts, including tax evasion and witness tampering. Special Envoy For Ukraine And Russia: Keith Kellogg Trump named Keith Kellogg , a retired lieutenant general and former chief of staff for the White House National Security Council during Trump’s first term, as special envoy for Ukraine and Russia, a newly created position. Kellogg has presented Trump with a plan for ending the war and forcing Ukraine and Russia to the negotiating table, Reuters reported previously, citing unnamed sources. National Institutes Of Health Director: Dr. Jay Bhattacharya Stanford professor and vocal Covid-19 lockdown critic Dr. Jay Bhattacharya is Trump’s pick to lead the National Institutes of Health. In announcing the appointment, Trump said “Jay and RFK Jr. will restore the NIH to a Gold Standard of Medical Research as they examine the underlying causes of, and solutions to, America’s biggest Health challenges, including our Crisis of Chronic Illness and Disease.” In 2020, Bhattacharya co-authored an open letter titled the “Great Barrington Declaration” which argued against the effectiveness of Covid-19 lockdowns. The letter, which was criticized by health experts including Dr. Anthony Fauci, argued for “herd immunity” for most of the population “through natural infection” while sheltering vulnerable populations. According to his profile page on Stanford Medicine, the India-born Bhattacharya serves as professor of health policy at the university. United States Trade Representative: Jamieson Greer Washington lawyer Jamieson Greer is Trump’s pick to lead international trade negotiations. An Air Force veteran and former chief of staff to Trump’s former trade representative, Robert Lighthizer, Greer “played a key role during my First Term in imposing Tariffs on China and others to combat unfair Trade practices,” Trump said in a statement. National Economic Council Director: Kevin Hassett Trump announced late Tuesday that he picked Kevin Hassett to lead the National Economic Council, giving him significant sway over policy decisions surrounding trade, taxes and deregulation. Trump said Hassett “will play an important role in helping American families recover from the Inflation that was unleashed by the Biden Administration.” Hassett, who led the Council of Economic Advisers during Trump’s first term, recently expressed some skepticism about some of Trump’s economic proposals, telling Goldman Sachs last month Trump’s proposal to reduce the corporate tax rate to 15% was unlikely to net the same “dynamic effects” as the 2017 Tax Cut and Jobs Act, and Trump’s tariffs proposals would likely require legislation, Politico reported . Hassett also told Goldman that Federal Reserve leadership should be “neutral” from the administration and said “suspicions” about Trump’s desire for coordination between the Fed and the White House in setting interest rates “should be taken seriously.” Domestic Policy Council Director: Vince Haley Vince Haley, who served as adviser and speechwriter during Trump’s first term was named as the head of the Domestic Policy Council. Trump said Haley had a “brilliant mind for Policies that work for the American People.” Trump did not outline any specific issues that Haley will focus on, but according to the Wall Street Journal the council will oversee several key domestic issues, including “healthcare, immigration and education.” Haley has worked with former House Speaker Newt Gingrich, R-Ga., for several decades and even served as the campaign manager of his 2012 presidential bid. Haley also worked under Stephen Miller—who Trump named as his Deputy Chief of Staff for Policy— while writing Trump’s speeches during his first term in office. Department Of Health And Human Services Deputy Secretary: Jim O’neill Silicon Valley investor Jim O’Neill , who is a close associate of billionaire and Trump backer Peter Thiel, was named as the pick for the Department of Health and Human Services Deputy Secretary. In his announcement Trump said O’Neill will work alongside his HHS Secretary pick Robert F. Kennedy Jr. and “oversee all operations and improve Management, Transparency, and Accountability to, Make America Healthy Again.” O’Neill previously served as the CEO of the Thiel Foundation and was up for consideration for the FDA commissioner role during Trump’s first term. O’Neill also worked as the HHS principal associate deputy secretary during the George W. Bush administration. The Silicon Valley investor has called for major reform at the FDA in the past and argued that the efficacy of drugs should be measured after they have been allowed on market. O’Neill said the agency should approve drugs once its been demonstrated as being safe. Navy Secretary: John Phelan Trump tapped financier John Phelan as his nominee for Secretary of the Navy. Phelan founded MSD Capital more than two and half decades ago to manage the fortune of billionaire Michael Dell. According to the Hill, Phelan was a key donor to Trump’s campaign during this election season and contributed $834,600 to the president-elect’s joint fundraising committee, Trump 47. Treasury Secretary: Scott Bessent Hedge fund executive Scott Bessent is Trump’s pick for treasury secretary. Bessent—who spoke recently with Forbes—had long been seen as a top choice for the role, especially as it was reported Trump was leaning toward someone with Wall Street experience. Bessent is the founder of Key Square Management, a hedge fund that had less than $600 million in assets under management at the end of last year, and worked for Democratic megadonor George Soros for years before that. Bessent donated about $3 million to Trump and other Republican causes this election season and previously said Trump was “very sophisticated on economic policy.” Bessent is known for being pro-tariff—tariffs are at the center of Trump’s economic policies—and called the import taxes a “negotiating tool with our trading partners” in a Fox News column last week. If confirmed, Bessent would make history as the first Senate-confirmed LGBTQ+ Republican Cabinet member. Attorney General: Pam Bondi Trump announced former Florida Attorney General Pam Bondi as his pick to lead the Justice Department—elevating an ally shortly after former Rep. Matt Gaetz’s withdrawal. Bondi served as Florida’s top lawyer from 2011 to 2019, and later joined Trump’s defense team in his first Senate impeachment trial in 2020. She also served on a Trump-era commission on opioids and drug addiction. Attorney general is one of the most high-profile and highly anticipated appointments, as Trump has fiercely criticized the Justice Department for prosecuting him and is expected to drastically change its makeup—and possibly push for retribution against his opponents. In a Truth Social post , Trump said Bondi will “refocus the DOJ to its intended purpose of fighting Crime, and Making America Safe Again.” Secretary Of Defense: Pete Hegseth Trump selected Pete Hegseth as his secretary of defense, praising his status as a combat veteran and role as a co-host on Fox & Friends Weekend. Revelations subsequently emerged that Hegseth was accused of sexually assaulting a woman at a Monterey, California, hotel in 2017. The Monterey Police Department confirmed in a statement that it investigated the incident, but did not bring charges. Hegseth has denied the allegations through his attorney, Timothy Parlatore, who told multiple outlets last week he paid his accuser a settlement to avoid a lawsuit over the matter. Health And Human Services Secretary: Robert F. Kennedy Jr. Trump nominated Robert F. Kennedy Jr. to lead the Health and Human Services Department, making good on his promise to give Kennedy broad leeway over public health. Kennedy, who ran for the Democratic nomination then as an independent candidate before dropping out and endorsing Trump, espouses debunked views on public health—including skepticism about the efficacy of childhood vaccines and the Covid-19 vaccine. He has also advocated for removing fluoride from public water, an idea Trump said he as open to. As HHS secretary, Kennedy would oversee 13 public health-related agencies, and has expressed plans to upend many of them, telling an audience at a conference in November he would halt infectious disease studies at the National Institutes of Health if given a role in the Trump administration. “I’m going to say to NIH scientists, God bless you all . . . thank you for your public service,” NBC reported. The surprise selection drew criticism from many Democrats, and some Republicans expressed wariness about the pick. Trump’s former Vice President Mike Pence spoke against Kennedy as the pick to lead HHS in a statement and urged Senate Republicans to reject the nomination, citing Kennedy’s support of abortion rights. Secretary Of State: Marco Rubio Trump nominated Sen. Marco Rubio , R-Fla., as secretary of state. Rubio and Trump feuded when they both ran for president in 2016, but the two smoothed over their relationship during Trump’s most recent White House run. Rubio frequently campaigned for Trump and was said to be in the running to be his vice presidential pick. Some of Rubio’s foreign policy stances break with Trump, including his co-sponsorship of legislation last year that would prohibit a president from exiting NATO without congressional approval. Rubio would be the first Latino to hold the position, which is subject to Senate confirmation. Forbes estimated Rubio’s net worth at over $1 million—significantly less than some other members of Trump’s inner circle, but a jump since 2015, when he was worth just $100,000. Director Of National Intelligence: Tulsi Gabbard Trump announced Tulsi Gabbard will serve as his Director of National Intelligence, a role that puts her at the head of the U.S. intelligence community. Gabbard is a former Democratic representative from Hawaii and a 2020 Democratic presidential candidate, perhaps best-known for clashing with Kamala Harris on the debate stage in 2019. She left the party in 2022 and became an independent, before endorsing Trump in August and announcing she had joined the Republican Party. A critic of U.S. military interventions, Gabbard has drawn intense scrutiny for her foreign policy views, including for meeting with Syrian President Bashar al-Assad in 2017 . Education Secretary: Linda Mcmahon Trump tapped former WWE CEO Linda McMahon as secretary of the Department of Education in an announcement Tuesday. McMahon is Trump’s transition co-chair alongside Lutnick and served as the administrator of the Small Business Administration from 2017 to 2019. The nomination came after Lutnick was picked as commerce secretary over McMahon, who was “privately frustrated” she was not offered the position before Lutnick was tapped for it, Semafor reported, citing two unnamed people familiar with the matter. McMahon is also the America First Policy Institute’s board chair, helping lead the think tank that has raised millions in support of Trump, according to CNN . Commerce Secretary: Howard Lutnick Howard Lutnick is Trump’s pick for commerce secretary, Trump confirmed Tuesday—picking him for the commerce role instead of treasury secretary. Trump, in a statement, called Lutnick “the embodiment of resilience in the face of unspeakable tragedy,” referencing his charitable contributions to 9/11 families after 658 Cantor Fitzgerald employees, including Lutnick’s brother, died in the Sept. 11 terrorist attacks, while Lutnick was CEO. Lutnick, who rebuilt the company after 9/11, has spent his entire career at Cantor Fitzgerald and became president and CEO of the financial services firm at the age of 29. His special purposes acquisition company, Cantor Fitzgerald Acquisition Corp., took the Rumble video platform popular among right-wing influencers public in 2022. As commerce secretary, Lutnick will play a role in implementing Trump’s plans for steeper tariffs and he has expressed broad support for the proposal. Lutnick was previously under consideration for treasury secretary—typically a more prominent Cabinet job—and earned support from Musk and Kennedy, but Trump ultimately turned his attention to other candidates after he reportedly became annoyed with Lutnick’s aggressive campaign for the treasury role. Homeland Security Secretary: Kristi Noem Trump picked South Dakota Gov. Kristi Noem for the role of secretary of the Department of Homeland Security. Noem is a long-time Trump loyalist who was believed be a contender for Vice President. The appointee will be essential in carrying out Trump’s aggressive immigration plans, in addition to the agency’s duties surrounding cybersecurity, antiterrorism and emergency response. Agriculture Secretary: Brooke Rollins Trump announced Brooke Rollins as his pick for agriculture secretary. Rollins served as a policy advisor during Trump’s first administration and is the president of the America First Policy Institute, a think tank founded by former Trump administration officials that has advocated against foreign ownership of U.S. farmland. She was reportedly considered for White House chief of staff before Susie Wiles was named to the role. Centers For Medicare And Medicaid Services Administrator: Mehmet Oz Trump announced Tuesday that Mehmet Oz , the celebrity doctor who lost his 2022 Senate bid to Sen. John Fetterman, D-Pa., will fill the role. Oz will work closely with Robert F. Kennedy Jr., who Trump announced last week as his pick for Health and Human Services secretary. Oz’s rise to fame is largely tied to his frequent appearances on the Oprah Winfrey show in the early 2000s and his own subsequent daytime talk show. He’s accused of espousing questionable medical claims, including promoting the debunked theory that the anti-malaria drug hydroxychloroquine could treat Covid-19, and pushing so-called miracle weight loss products unsupported by scientific research. Trump endorsed Oz in his 2022 Senate campaign. Chief Of Staff: Susie Wiles Trump named his campaign co-manager Susie Wiles chief of staff two days after his election win, marking his first major administrative pick. Wiles will be the first woman to hold the position. Department Of Government Efficiency: Elon Musk And Vivek Ramaswamy Trump announced Elon Musk , the world’s wealthiest person, will run a new Department of Government Efficiency (or “DOGE”) alongside investor and former Republican primary candidate Vivek Ramaswamy . Trump said in a statement the department—which has not yet been created—will offer “advice and guidance from outside of Government” and focus on “making changes to the Federal Bureaucracy with an eye on efficiency,” including through spending and regulatory cuts. Musk, a vocal Trump backer who donated over $100 million to a pro-Trump super PAC, has pitched the department in the past, seemingly naming it after the meme cryptocurrency dogecoin. Office Of Management And Budget Director: Russell Vought Trump nominated Russell Vought as director of the Office of Budget and Management, potentially marking his second time in the role. Vought was the office’s director from 2020 to 2021 after serving as deputy director and acting director. Vought authored a chapter in the controversial Project 2025 policy agenda on the Executive Office of the President of the United States and will be in charge of overseeing the White House budget and implementation of Trump’s policies throughout the executive branch. He also reportedly said in secret camera footage published by the Centre for Climate Reporting that Trump “blessed” Project 2025 despite distancing himself from it on the campaign trail. Vought is expected to push for policy restructuring that provides more power to the president. Homeland Security Adviser And Deputy Chief Of Staff For Policy: Stephen Miller Trump announced Stephen Miller as White House Deputy Chief of Staff for Policy, plus the additional role of homeland security adviser. Miller was a senior adviser to Trump during his first administration and one of the architects of some of his most controversial immigration policies, including his family separation program. Border Czar: Tom Homan Trump appointed his former Immigration and Customs Enforcement Director Tom Homan to newly created role, he announced , as Trump plans a mass deportation of undocumented migrants during his second term. Cdc Director: Dave Weldon, Fda Commissioner: Marty Makary, Surgeon General: Janette Nesheiwat Trump announced former Rep. Dave Weldon , R-Fla.—who served in Congress from 1995 to 2009—as CDC director, and tapped Marty Makary , who became known for opposing vaccine mandates during the COVID-19 pandemic, as FDA commissioner. He also named former Fox News contributor Janette Nesheiwat as his pick for surgeon general. Secretary Of Labor: Lori Chavez-Deremer Rep. Lori Chavez-DeRemer , R-Ore., was nominated as Trump’s secretary of labor. She was elected to the House of Representatives in 2022 to represent Oregon’s 5th Congressional District and recently lost her reelection bid. Senior Director For Counterterrorism: Sebastian Gorka Sebastian Gorka was appointed as the deputy assistant to the president and senior director for counterterrorism. He previously served as strategist to the president in the first Trump administration and is the host of his own radio show, “America First with Sebastian Gorka.” Hud Secretary: Scott Turner Trump named former NFL player Scott Turner as his pick for secretary of the Department of Housing and Urban Development. Turner served in the first Trump administration as the executive director of Trump’s White House Opportunity and Revitalization Council. National Security Adviser: Mike Waltz Trump appointed Rep. Mike Waltz , R-Fla., to serve as his national security adviser. In recent months, Waltz—a former Army Green Beret—has frequently criticized China, urged NATO members to pay more for defense and said he expects Trump to push Ukraine and Russia toward a negotiated end to the war in Ukraine. Interior Secretary: Doug Burgum (and Head Of New National Energy Council) Trump nominated North Dakota Gov. Doug Burgum as secretary of the interior. If confirmed by the Senate, he’ll be responsible for managing vast swaths of federally owned land, administering national parks and handling oil and gas drilling on federal property—which Trump has vowed to ramp up . Trump also tapped Burgum as chairman of the new National Energy Council, which will cut down on regulations and “oversee the path to U.S. ENERGY DOMINANCE,” according to Trump . The position will also provide Burgum a seat on the National Security Council. First elected North Dakota governor in 2016, Burgum briefly ran against Trump in the 2024 GOP primaries, but dropped out and endorsed Trump. A tech executive and investor by trade, Burgum previously ran Great Plains Software, remaining at the company after it was acquired by Microsoft. Last year, Forbes estimated his net worth at at least $100 million. Energy Secretary: Chris Wright Chris Wright , chief executive of the oilfield services group Liberty Energy, was named Trump’s nominee for secretary of energy. Wright has argued against climate change’s role in causing extreme weather events, saying in a video posted to LinkedIn last year “there is no climate crisis, and we’re not in the midst of an energy transition either.” He later disputed he was “[fighting] climate science,” despite saying the claims he made were “correct.” Transportation Secretary: Sean Duffy Trump nominated former Rep. Sean Duffy , R-Wisc., as secretary of transportation, lauding his time in Congress and his role as a member of the House Financial Services Committee. Following his resignation from Congress in 2019, Duffy registered as a lobbyist and continued spending campaign funds on Trump’s D.C. hotel. The campaign spent more than $22,000 at Trump’s D.C. hotel between 2017 and 2020, $17,000 of which was spent in a single day in July 2019. Duffy is a co-host of Fox Business’ “The Bottom Line” and has contributed to Fox News since 2020. He is married to “Fox & Friends Weekend” co-host Rachel Campos-Duffy. Veterans Affairs Secretary: Doug Collins Trump picked former Rep. Doug Collins , R-Ga., as his secretary for veterans affairs. Collins served as a congressman from 2013 to 2021, and was known as a vocal backer of Trump in the chamber during his first administration. He is also a chaplain in the United States Air Force Reserve Command. Collins vowed to “streamline and cut regulations in the VA, root out corruption, and ensure every veteran receives the benefits they've earned.” The former congressman was deployed to Iraq in 2008 as a member of the Air Force’s 94th Airlift Wing. Cia Director: John Ratlciffe Former Director of National Intelligence John Ratcliffe will serve as CIA director. A former Texas congressman, Ratcliffe served as the director of national intelligence from 2020 to 2021 and acted as Trump’s primary intelligence adviser during his last presidency. During his time as director of national intelligence, Ratcliffe declassified unverified Russian intelligence information that claimed Hillary Clinton approved a plan to link Trump to Russia and the Democratic National Committee cyberattacks in 2016. Democrats criticized Ratcliffe’s decision to publicly release the information, alleging he was politicizing unverified information to aid Trump. Environmental Protection Agency Administrator: Lee Zeldin Trump tapped former Rep. Lee Zeldin , R-N.Y., to lead the EPA, citing his “very strong legal background” and calling him “a true fighter for America First policies” in a statement. Zeldin—a Trump ally who ran for New York governor two years ago—“will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American business while at the same time maintaining the highest environmental standards,” the statement said. Fcc Chair: Brendan Carr Trump named Brendan Carr to chair the Federal Communications Commission. Carr has served as one of the FCC’s five commissioners since 2017, when Trump first appointed him to the agency. He’s known as a critic of big tech companies, writing a chapter of the controversial Project 2025 agenda—which Trump has broadly disavowed—that argued the FCC should narrow the immunity enjoyed by tech platforms and require companies to be transparent about their content moderation decisions. He’s also used his platform at the FCC to back Musk. He’ll take over the FCC as Trump pushes the agency to revoke the licenses of broadcast TV stations whose coverage he claims is unfair—though that could be very difficult in practice . Ambassador To Un: Elise Stefanik Trump nominated GOP Conference Chair Rep. Elise Stefanik , R-N.Y., for the United Nations ambassador role. Stefanik is known as a staunch Trump ally. Special Envoy To The Middle East: Steven C. Witkoff Trump tapped Steven Witkoff , a GOP donor and real estate investor, for special envoy to the Middle East. Witkoff is chairman of the University of Miami Business School Real Estate Advisory Board and the CEO of Witkoff, a real estate firm he founded in 1997. He is also a longtime friend of Trump’s and one of the president-elect’s golf partners . Witkoff was with Trump during the apparent second assassination attempt on his life, telling NBC that Secret Service agents dived on Trump and got him off his Florida golf course in under 20 seconds. Ambassador To Nato: Matthew Whitaker Trump announced on Wednesday Matthew Whitaker will serve as the official U.S. representative to NATO. Whitaker was the former U.S. acting attorney general appointed after former Attorney General Jeff Sessions resigned and before former Attorney General William Barr was sworn in during Trump’s first term. Whitaker oversaw the DOJ during former Special Counsel Robert Mueller’s investigation into Russian interference in the 2016 election and was heavily scrutinized by Democrats over whether he sought to interfere in the probe on Trump’s behalf, allegations he denied. Whitaker frequently appears on Fox News as an advocate for Trump, defending his decision to tap Gaetz as attorney general last week and broadly criticizing the Justice Department over its various investigations into Trump’s conduct. Ambassador To Israel: Mike Huckabee Trump announced former Arkansas Gov. Mike Huckabee as his envoy to Israel last week, touting his military service as he served in the Army Special Forces for 27 years. Huckabee is a staunch supporter of Israel and has criticized the Biden administration’s calls for a cease-fire with Hamas. Huckabee has advocated for Israel to annex parts of the West Bank, which Israel occupied in 1967, and has backed Israeli settlers in the territory. A former Southern Baptist pastor, Huckabee regularly leads evangelicals on visits to Israel. White House Press Secretary: Karoline Leavitt Karoline Leavitt , the Trump campaign’s national press secretary, will serve as White House Press Secretary once the president-elect assumes his office. Leavitt, 27, was an assistant press secretary during Trump’s first presidency. She also won the Republican primary in New Hampshire's 1st Congressional District in 2022, becoming the second Gen Z candidate to win a House primary . White House Communications Director: Steven Cheung Trump picked his campaign spokesman, Steven Cheung , to serve as his communications director at the White House. Cheung was the director of communications for the president-elect’s 2024 presidential campaign and served as director of strategic response during Trump’s last term, after working in communications for the Ultimate Fighting Championship previously. Other White House Jobs Trump named James Braid his director of legislative affairs—Braid is Vice President-elect Sen. JD Vance’s lead policy staffer and worked in the Office of Management and Budget during Trump’s first term. Matt Brasseaux , a deputy political director for the Trump campaign and Republican National Committee in 2024, was appointed director of the office of political affairs. Alex Latcham , Trump’s former deputy political director during his first administration and a senior deputy political director for his most recent campaign and the RNC, will serve as director of the office of public liaison. Campaign staffer and former One America News anchor Natalie Harp —nicknamed the “human printer” as she’s known for trailing Trump with a portable printer and supplying him with paper copies of news stories—is expected to help control the flow of information to and from Trump, according to The New York Times , though she hasn’t officially been given a role. Top GOP lawyer William McGinley was chosen for White House counsel, after previously working as Trump’s White House cabinet secretary from 2017 to 2019, advising other cabinet members on policy coordination, optics and ethics. Dan Scavino will return to his role as deputy chief of staff, after serving as a longtime Trump communications staffer (he was held in contempt of Congress for refusing to testify in the House Jan. 6 committee investigation, but the Justice Department declined to prosecute him). James Blair will work as deputy chief of staff for legislative, political and public affairs, after spearheading Trump’s grassroots voter outreach efforts and making frequent media appearances. Taylor Budowich was picked for deputy chief of staff for communications and personnel, after running the Trump-aligned MAGA Inc. super PAC. Trump tapped William Scharf to be White House staff secretary: Scharf, a former prosecutor who ran in the Republican primary for Missouri attorney general, was part of Trump’s legal team that successfully argued he has immunity from official acts he took during his first term. Sergio Gor , president and co-founder of Donald Trump Jr.’s Winning Team Publishing company, has been tapped to lead the Presidential Personnel Office. Other Justice Department Jobs Todd Blanche , Trump’s hush money trial lawyer, was tapped as the president-elect’s deputy attorney general. Blanche was lauded as “an excellent attorney who will be a crucial leader in the Justice Department,” which Trump has often criticized throughout his criminal and civil cases. Trump picked another of his attorneys, Emil Bove , as principal associate deputy attorney general. Bove represented Trump alongside Blanche throughout the hush money trial and is a former federal prosecutor. Dean John Sauer was chosen for for solicitor general, after he was credited with helping win Trump’s presidential immunity case, which resulted in the Supreme Court ruling that presidents have some immunity for official acts they take in office. Sauer also served as solicitor general of Missouri for six years and clerked for late Supreme Court Justice Antonin Scalia. Former Securities and Exchange Commission Chairman Jay Clayton was chosen as U.S. Attorney for the Southern District of New York, widely seen as one of the most prestigious prosecuting jobs due to the high-profile cases filed in the district, which includes New York City. Tangent Trump announced Wednesday he asked Republican National Committee co-chair Michael Whatley to return to the role. Trump tapped Whatley and his daughter-in-law Lara Trump to co-chair the RNC after he effectively secured the GOP 2024 presidential nomination. Key Background Trump decamped to Mar-a-Lago after his win, holding meetings with his inner circle, administration hopefuls and transition team to craft his second term agenda and build out his staff. Trump is shaping his second-term agenda with the help of several right-wing groups, his closest allies and billionaire backers. Musk, who has been spotted on numerous occasions alongside Trump since his election, is among those who appear to be influencing Trump’s policy and personnel decisions. Lutnick is also overseeing a team making recommendations for personnel picks and vetting potential candidates, and Miller is expected to play a key role in making the final decisions. The right-wing think tank America First Policy Institute is reportedly the primary driver of Trump’s transition plans and has been crafting possible executive actions for Trump once he takes office. The organization is chaired by McMahon and led by former Trump Domestic Policy Counsel Director Brook Rollins. Further Reading What We Know About Trump’s Potential Cabinet—With RFK Jr. And Elon Musk Among The Candidates (Forbes) Who Will Help Shape Trump’s Policy Agenda? Here Are The Key Groups And Players (Forbes) Stephen Miller Will Reportedly Lead Trump’s Policy Agenda—Here’s Who Else Could Help Him (Forbes)Ametek Inc. stock underperforms Friday when compared to competitors despite daily gains