President-elect Donald Trump announced Tuesday he will create an external revenue office upon his return to the White House that will collect all foreign-sourced revenue, such as tariffs. “For far too long,
Trump announced his intention to create the new federal department on Truth Social, writing: "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."
President-elect Trump said Tuesday he wanted to create an “External Revenue Service” to collect tariffs and other revenue from foreign countries, comparing it to the Internal Revenue Service (IRS), which collects taxes from Americans.
Trump, 78, has already warned that he will raise tariffs on foreign nations that fail to align with his strict immigration policies.
Congresswoman Claudia Tenney (NY-24) has reintroduced the Diverting IRS Resources to the Exigent Crisis Today (DIRECT) Act, legislation aimed at reallocating funds from the Internal Revenue Service (IRS) to the U.S. Customs and Border Protection (CBP). Representative Brian Babin (TX-36) is an original cosponsor of the bill.
N.Y., introduced a bill to reallocate funds from Internal Revenue Service (IRS) enforcement to hiring U.S. Customs and Border Protection agents.
"For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS ... U.S. Customs and Border Protection (CBP). That dynamic has prompted pushback from ...
The parallel with the Internal Revenue Service is seen as a signal of the president-elect’s determination to enact sweeping import duties.
"For far too long, we have relied on taxing our great people using the Internal Revenue Service," Trump said Tuesday ... establish the tariffs, which the CBP deposits into the federal ...
Trump said his new "external revenue service" will go into effect on January 20 to help the US collect more revenue from foreign countries.
President-elect Donald Trump plans to create an External Revenue Service. Here’s what that might mean for you.
U.S. President-elect Donald Trump has proposed the creation of a new agency known as the “External Revenue Service” to collect tariffs, duties, and other revenue from foreign sources. Trump