President Trump announced in a statement Tuesday he will create an External Revenue Service to counter the Internal Revenue Service’s (IRS) taxation of American citizens.
This from thegatewaypundit.com.
Trump stated:
This new agency will collect our Tariffs, Duties, and all Revenue that come from Foreign sources.
Further, Trump stated his inauguration:
January 20, 2025, will be the birth date of the External Revenue Service.
And, Trump made the announcement on Truth Social Tuesday, having stated:
For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS). Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves.
It is time for that to change. I am today announcing that I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come from Foreign sources.
We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share. January 20, 2025, will be the birth date of the External Revenue Service. MAKE AMERICA GREAT AGAIN!
Trump plans for tariffs on foreign imports to replace revenue from and the burden imposed on Americans by income taxes—intending to be crystal clear what he plans to do with the IRS upon taking office next Monday.
Further, Trump’s Department of Government Efficiency co-head Elon Musk has said:
President Trump will turn the tables
on the organization
and audit the Internal Revenue Service.
Biden Aggressively Expanded The IRS – Elon Musk Now Plans to Put It Under Audit
The great change from the previous status quo—The Obiden Regime having overseen an aggressive expansion of the IRS and its harassment of working Americans—will be unveiled as the External Revenue Service (ERS). This new agency will be modeled after the old IRS but will be aimed at collecting tariffs, duties, and revenues from foreign countries rather than U.S. taxpayers.
Trump has consistently criticized what he sees as unfair trade agreements crafted by past leaders, arguing that these deals disproportionately benefit foreign partners while disadvantaging the United States. He has also expressed deep concern over the nation’s trade deficit, which totaled $773.4 billion in 2023, including both goods and services. Pointing to this massive trade imbalance, Trump has defended his calls for broad tariffs on imports as a necessary step to address what he describes as a long-standing injustice sapping America’s economic strength.
Customs and Border Protection (CBP), which resides within the Department of Homeland Security, collects tariffs from U.S. importers, not foreign countries or companies that export products. The importers pay the tax to the CBP.
In July 1789, then-President George Washington created the United States Customs Service, the forerunner to the CBP.
Trump’s announcement is the latest development in his long-standing push for economic nationalism. During his first term, Trump frequently used tariffs—or the threat of them—as a bargaining chip to renegotiate trade deals he deemed unfavorable to American businesses. He has said that tariffs protect domestic industries from unfair foreign competition and encourage the reshoring of manufacturing jobs.
Trump has also consistently championed tariffs as a versatile tool for policy negotiations. Recently, Trump warned Canada and Mexico of impending 25 percent tariffs unless they took decisive steps to curb the flow of fentanyl and illegal immigrants across their borders into the United States.
Critics of Trump’s proposed tariffs argue that they could reduce America’s economic output and increase costs for U.S. consumers, not only for imported goods such as Canadian lumber but also for products that rely on these imports, such as houses.
Supporters believe that the long-term advantages of bolstering domestic production and decreasing reliance on foreign imports outweigh the short-term economic challenges posed by tariffs.
A recent analysis of Trump’s proposed tariffs by the nonpartisan Congressional Budget Office found that they could significantly reduce the U.S. federal deficit over the next decade, while their impact on consumer prices and economic output would be relatively modest.
God speed President Trump.
