Trump Announces Plan to Form External Revenue Service


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In a bold and unprecedented move, former President Donald Trump announced on Tuesday his intention to create a new agency, the External Revenue Service (ERS), as part of a sweeping overhaul of the nation’s tax system. The ERS is set to replace the Internal Revenue Service’s (IRS) income taxation model with a tariff-based system targeting foreign trade revenues. Trump plans to launch this initiative upon his anticipated inauguration on January 20, 2025, labeling the date as the official birth of the ERS.

The announcement, made via Trump’s social media platform Truth Social, emphasized the need for a shift away from taxing American citizens to instead leveraging revenues from foreign entities profiting from U.S. trade.

“For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS),” Trump stated. “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.”

Trump concluded his post with a characteristically fiery rallying cry: “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’s vision for the ERS hinges on the collection of tariffs and duties from foreign trade to eliminate the financial burden of income taxes on Americans. While the details remain vague, the proposal signals a significant shift in the nation’s economic strategy.

Supporters view the plan as a long-overdue step to reduce the IRS’s power and complexity while promoting fairness in international trade. However, critics are skeptical about the feasibility of replacing a significant portion of federal revenue with tariffs alone.

It remains unclear what Trump intends to do with the IRS itself. Some speculate the agency may be dramatically downsized or abolished altogether.

Elon Musk, who has been tapped as co-head of Trump’s Department of Government Efficiency, has hinted at plans to audit the IRS as part of the administration’s broader strategy to expose and reform what they view as its inefficiencies and overreach.

“The IRS has been weaponized against hard-working Americans,” Musk said in a recent interview. “Our goal is to turn the tables and ensure accountability for an organization that has aggressively expanded under the Biden administration.”

The Biden administration has faced criticism for its substantial expansion of the IRS, including an $80 billion funding boost to increase enforcement and oversight. Critics argue this move has disproportionately targeted middle-class Americans while leaving wealthier individuals and corporations relatively unscathed.

Trump’s announcement comes amid widespread frustration with the IRS’s complexity and perceived misuse of power. Many of his supporters see the ERS as a much-needed alternative that will simplify taxation and lessen the federal government’s grip on their earnings.

Despite the bold rhetoric, significant questions remain about the logistics and legality of Trump’s proposal. Experts have pointed out that federal revenue from tariffs historically falls short of the amounts collected via income taxes. Without a comprehensive plan to address potential shortfalls, the ERS could face significant hurdles.

Moreover, altering the tax structure to this extent would likely require Congressional approval and could face legal challenges from various stakeholders.

This announcement aligns with Trump’s broader economic philosophy, which prioritizes American sovereignty and self-reliance while holding foreign entities accountable for exploiting U.S. markets.

Supporters argue that such a system would not only alleviate financial pressure on American families but also incentivize better trade practices and more equitable international agreements.

Critics, however, warn that heavy reliance on tariffs could lead to retaliatory measures from trade partners, potentially sparking economic instability.As Trump prepares for his potential second term, the formation of the ERS promises to be a centerpiece of his agenda. The announcement has energized his base, with many hailing it as a revolutionary step toward reducing government overreach.

While skeptics await further details, one thing is clear: Trump’s vision for the ERS signals a dramatic shift in America’s approach to taxation and trade, setting the stage for fierce debates and potential upheaval in the coming months.

With Elon Musk and other high-profile figures joining the effort, the coming years could see historic changes to the nation’s economic landscape. For now, all eyes are on January 20, 2025, the date Trump has declared as the dawn of a new era in U.S. taxation policy.

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