Trump Proposes Establishing ‘External Revenue Service’ to Collect Income from Foreign Entities – One America News Network
OAN Staff Abril Elfi
6:07 PM – Tuesday, January 14, 2025
President-elect Donald Trump has revealed plans to establish a new office focused on generating revenue from foreign sources.
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On Tuesday, Trump announced via Truth Social that upon assuming office, he will create the External Revenue Service (ERS) to oversee the collection of foreign-sourced revenue, including tariffs.
“For too long, we have depended on taxing our great citizens through the Internal Revenue Service (IRS). Our weak trade agreements have allowed the American economy to thrive globally while we tax ourselves,” Trump stated on Truth Social. “Today, I am announcing the formation of the EXTERNAL REVENUE SERVICE [ERS] to collect our Tariffs, Duties, and all Revenue derived from Foreign sources.”
He further announced that the ERS would be launched on January 20th, aiming to charge those profiting from trade while finally ensuring they contribute their fair share.
During his campaign, Trump proposed eliminating income tax and instead relied on tariffs as the government’s major revenue source.
Currently, the responsibility for tariff collection lies with U.S. Customs and Border Protection (CBP), a component of the Department of Homeland Security.
The president-elect has also hinted at increasing tariffs on foreign nations that do not adhere to U.S. immigration policies, particularly targeting Mexico and Canada with a proposed 25% tariff, alongside imposing import taxes ranging from 10% to 20% on all foreign goods, and potentially as high as 60% on Chinese imports.
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