Trump says he will create new agency to collect revenue from foreign sources
Source: Reuters via AOL
U.S. President-elect Donald Trump said on Tuesday he will create a new government agency called the External Revenue Service "to collect tariffs, duties, and all revenue" from foreign sources as he readies new import tariffs ahead of his inauguration next week.
Trump said in a social media post he would create the department on Jan. 20, the day he takes office as president for a second term, adding that Americans have been taxed for too long by the Internal Revenue Service.
"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," the Republican said in a post on Truth Social.
"We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share."
Read more: https://www.aol.com/news/trump-says-create-external-revenue-164107365.html
I thought conservaturds were against the expansion of government. Under the last two GOP presidents, the government will have expanded three times.
1: DHS
2: Space Force
3: DOGE and this idiocy
HE called it the External Revenue Service. Good luck with that Trumpie McDouchecanoe.

surfered
(4,921 posts)but the suckers keep buying it.
bucolic_frolic
(48,588 posts)and taxing assets in Swiss bank accounts. IRS is already doing this, if the GOP would just fund the IRS.
We have no sovereignty over what foreign citizens, companies do in their own countries.
unblock
(54,541 posts)The importer is the business here in America that brings the foreign goods in. They are filing taxes here anyway, they are registered here, they are generally subject to laws here, etc.
Collecting the tariffs from them is simple and obvious.
The foreign company is some random foreign entity dropping off goods and going home. Why try to collect the tariff from them? If they manage to evade it, we have no recourse.
Basically he's proposing switching from a system that makes sense and works to a system that doesn't make sense and is guaranteed to break, all because he prefers the optics of collecting the import tax from the seller instead of the buyer.
Stupid, stupid, stupid,
William Seger
(11,348 posts)If anyone wants to remove goods from Customs, they have to pay any tariff. Even if this great negotiator could convince the exporters to pay them (LOL), we don't need a new agency to collect them. It appears that he thinks he can tax the exporters directly. And not only does he not understand tariffs, all this nonsense is because he also doesn't understand what the balance of trade means -- he thinks it means Canada is cheating us out of $200B a year, and we're "subsidizing" all those cheaters. Of course, all it really means is that they buy less from us than we buy from them.
Diraven
(1,229 posts)No matter how many times he gets told how tarriffs actually work he thinks they're wrong because he thinks he's smarter than experts because his yes-men and sycophants keep telling him he is.
twodogsbarking
(12,687 posts)Marthe48
(20,025 posts)Felon's Direct Income Con
cpamomfromtexas
(1,378 posts)Just watch him!
sheshe2
(89,550 posts)He is here to F**k us over and steal us blind.
Diraven
(1,229 posts)This who tariff scheme is just a shakedown - exceptions will be given to most companies on an individual basis that personally pay him bribes, buy Trump Media stock, or buy his scammy cryptocurrency.
Denvermosaic
(128 posts)Lifeafter70
(439 posts)He wants to make bribes a normal part of doing business with us.
He will be bringing back Ivanka and Jared to run the department, like they did being in charge of all the PPE supplies during Covid........
I doubt anyone will ever know how much the two of them and Daddy made off of that goldmine.....
Then, Jared, Trying to out do his FIL, got over TWO BILLION more for a few hours work delivering Top Secret Military Intel to the Saudi's who rewarded him quite handsomely....
Lifeafter70
(439 posts)Since he did so well with his trip to Greenland.
DENVERPOPS
(10,777 posts)and his brother were just put into the Crypto Business by his father.....
Kid Berwyn
(19,098 posts)"Dare to be devoted."
Buddyzbuddy
(326 posts)tax for licensing name use only on buildings since the name itself doesn't generate jobs. In fact, one could argue that certain names might create a security risk for the local community causing a need for extra public policing. That cost should also be covered by the private entity responsible for the need.
travelingthrulife
(1,528 posts)WestMichRad
(2,023 posts)Hell want his cut, for having created such a brilliant idea!
PSPS
(14,303 posts)4catsmom
(478 posts)cause that's what it is
Cirsium
(1,715 posts)Trump is lying, but the "journalist" presents what he says as though he weren't.
Tariffs and duties are not "revenue from foreign sources."
The Reuters article is a textbook example of "bothsidesism" in journalism.
Trump says foreign nations will pay.
Senator Ron Wyden says the US public will pay.
One of those two statements is true, one is false. The article ignores that critical fact and eve gives more weight to the false statement.
Dem4life1970
(697 posts)Hilarious! As more MAGA idiots are learning that THEY will be paying for the Tariffs, he has to tell them to their face one more time, how STUPID he thinks that they are (and, he's not wrong).
Wow....I mean, wow.
BidenRocks
(1,049 posts)California will be rebuilding with higher priced construction materials due to tariffs.
Chump screws California by making it too expensive to rebuild.
Trump will just declare all forests in Oregon and Washington open for cutting with no regulations.....
We all know just how much he loves Blue States...........
He will rationalize it as saving the forests from burning like in California.......
I hope no one in Trump's CABAL reads DU's posts and comments.....
Hassler
(4,006 posts)FSogol
(47,153 posts)
LogDog75
(286 posts)will collect the money from Mexico for Trump's wall that he said Mexico will pay for.
LPBBEAR
(460 posts)during his last term.
The "agency" was housed in the old DC post office building and he called it "Trump Hotel"
I understand he plans on doing it again.
Trump Hotel, where the fleecing of foreign dignitaries never ends.
Old Crank
(5,239 posts)Racing to add another multi billion dollar redundant agency.
Yup. That tracks.
Now Johnson is going to have to fund it. More debt.
Ray Bruns
(4,943 posts)Javaman
(63,340 posts)the end of democracy.
Wonder Why
(4,932 posts)LetMyPeopleVote
(158,122 posts)TFG aka The Felony Guy does not understand how tariffs work
Link to tweet
jvill
(459 posts)Oh, and DOGE wont be an actual gment agency (so far) so itll have no legal force or even an approved gment budget.
C0RI0LANUS
(2,901 posts)ificandream
(11,013 posts)Initech
(103,564 posts)If we want to take back this country from fascists, we really need to step up the media game. Our media is an absolute fucking joke right now.
Hotler
(12,662 posts)After the fascist plunder the USA, they're coming after your country.