Former President Donald Trump proposed creating an 'External Revenue Service' to collect tariffs, unaware that the U.S. Customs Service, now CBP, has handled this since 1789. Critics ridiculed the proposal as both 'silly rebranding' and a 'multi-trillion-dollar tax hike on American families and small businesses.'
“We will begin charging those that make money off of us with Trade, and they will start paying,” Trump said in his post. He compared the proposed agency to the Internal Revenue Service, which collects taxes from U.
S. citizens and businesses.But there’s another issue: The proposed duties of the “ERS” ― collecting duties and revenue from other nations ― are already handled by theSen. Ron Wyden of Oregon, the top Democrat on the Senate Finance Committee, said in a statement that the proposed ERS was both “silly rebranding” and ” a multi-trillion-dollar tax hike on American families and small businesses to pay for another round of tax handouts to the rich.” Trump’s plan ― and his apparent lack of knowledge about the government he was elected to run ― was also heavily ridiculed on social media. The president-elect appears ignorant of the fact that there’s been an “external revenue service” since July 31, 1789. That’s when George Washington signed legislation creating the US Customs Service, the forerunner of what is now This is basically a language scam. Tariffs and duties are paid by the importer, the US company bringing in the goods. It isn't"external revenue" and calling the customs agency an"external revenue service" is just another way of tricking people.There is a 100% chance Trump's so-called External Revenue Service turns out to be just another grift where the loathsome piece of shit siphons money into the coffers of the Trump crime family. If he can siphon money from a children's cancer charity, as president, this scam…Donald Trump proposed creating an "External Revenue Service" to collect tariffs, unaware that the U.S. Customs Service, now CBP, has handled this since 1789.1/2 Trump wants to create an"External Revenue Service" to collect tariffs, etc. This is clever marketing, but it doesn't change the fact that American consumers will end up paying these higher tariffs.We’ll hear something like, “IRS agents came to me with tears in their eyes. Sir, why is there no External Revenue Service?” Poor DonOld had it all set up to rip off America using his newly minted “External Revenue Service” only to find out America already has a system in place to protect itself! 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 Gonna have to find a new way to skim those tariffs asshole!! www.rawstory.com/trump-267082... On Jan. 20, Donald Trump will reclaim the most powerful seat in our nation's government. HuffPost will continue to fearlessly report on the new administration — but we need your help.. We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you. Whether you give once or many more times, we appreciate your contribution to keeping our journalism free for all.. We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you. Whether you give just one more time or sign up again to contribute regularly, we appreciate you playing a part in keeping our journalism free for all.Realness delivered to your inbox By entering your email and clicking Sign Up, you're agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our
TRUMP TARIFFS CUSTOMS SERVICE US GOVERNMENT TAXATION
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump says he'll create ‘External Revenue Service' to collect tariffs, foreign revenuePresident-elect Donald Trump has reportedly contemplated declaring a national economic emergency to implement tariffs.
Read more »
Trump Plans 'External Revenue Service' to Collect Tariffs from Foreign SourcesPresident-elect Trump announces his plan to create a new agency, the 'External Revenue Service', to collect tariffs and revenue from foreign sources, breaking from the current system handled by the U.S. Customs and Border Protection agency.
Read more »
Trump Plans to Create 'External Revenue Service' on Day One to Enforce Tariff ProposalsPresident-elect Donald Trump has announced his intention to establish a new agency, the 'external revenue service,' on his first day in office to collect tariffs and other revenue from foreign sources. This move signals a continued focus on protectionist trade policies that were a hallmark of his previous presidency.
Read more »
Trump's 'External Revenue Service' Proposal Sparks Concerns Over Tax Cuts for the WealthyPresident-elect Donald Trump's plan to create an 'External Revenue Service' to collect tariffs has triggered concerns about its potential impact on American families and small businesses. Senator Ron Wyden, the top Democrat on the Senate Finance Committee, argues that this initiative masks a plan for massive tax cuts benefiting the wealthy and large corporations, while others warn of the consequences of Trump's proposed tariffs and potential use of emergency powers.
Read more »
Trump vows to create ‘External Revenue Service’: What would it do?The creation of a new agency requires an act of Congress, and Republicans hold the majority of both the House and the Senate.
Read more »
Trump to Create 'External Revenue Service' to Collect Tariffs from Foreign NationsPresident-elect Trump plans to establish a new federal agency, the External Revenue Service, to collect tariffs and revenues from foreign nations.
Read more »