Trump says he will create new agency to collect revenue from foreign sources

[AZLD4Candidate]

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

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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]

1. Empty promises, like he would end inflation and the war in Ukraine

but the suckers keep buying it.

[bucolic_frolic]

2. Republicans were all in a bother over IRS funding

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]

3. Tariffs are collected from importers because we have jurisdiction over them

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]

13. Incredibly stupid -- he's doubling and tripling down on stupid

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]

20. I think he's actually that stupid

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]

4. How'd that work out with Mexico?

[Marthe48]

5. Call it FDIC

Felon's Direct Income Con

[cpamomfromtexas]

6. He's gonna try to divert this to his personal accounts.

Just watch him!

[sheshe2]

17. My thoughts as well.

He is here to F**k us over and steal us blind.

[Diraven]

21. I predicted this a while ago

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]

7. A new department to collect foreign bribes

[Lifeafter70]

9. Ding ding we have a winner

He wants to make bribes a normal part of doing business with us.

[DENVERPOPS]

19. LOL

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]

22. I think jr is applying for the job

Since he did so well with his trip to Greenland.

[DENVERPOPS]

23. I thought he

and his brother were just put into the Crypto Business by his father.....

[Kid Berwyn]

37. "He went to Jared."

"Dare to be devoted."

[Buddyzbuddy]

8. I think states should charge at a minimum of a 300%

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]

10. Oh, I bet he will. Straight into his pockets.

[WestMichRad]

16. Well, of course!

He’ll want his cut, for having created such a brilliant idea!

[PSPS]

11. Doesn't the GOP PAC (trump's wallet) already perform that function?

[4catsmom]

12. Just call it asking for bribes to throw stuff your way

cause that's what it is

[Cirsium]

14. Trump is lying

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]

15. Bahahahahahahahaha!!!!!!!!!

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]

18. Canadian lumber

California will be rebuilding with higher priced construction materials due to tariffs.

Chump screws California by making it too expensive to rebuild.

[DENVERPOPS]

24. Nah

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]

25. Another new bureaucracy sounds like more swamp for more alligators

[FSogol]

26. The US Department of Griftting!

[LogDog75]

27. Mayne the new External Revenue Service

will collect the money from Mexico for Trump's wall that he said Mexico will pay for.

[LPBBEAR]

28. I believe he already did this

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]

29. Small government GOP

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]

30. Someone needs to tell Stinky that CBP already performs this function.

[Javaman]

31. so the orange asshole wants tributes now.

the end of democracy.

[Wonder Why]

32. Wait until President Musk hears about another agency!

[LetMyPeopleVote]

33. We have such an agency already. Customs and Border Patrol

TFG aka The Felony Guy does not understand how tariffs work

Link to tweet

Rampell: Trump posted today that he wanted to create an external revenue service similar to the internal revenue service, to collect tariffs. I would hope that one of his aides would tell him what the C in CBP stands for.

[jvill]

34. CUSTOMS and Border Patrol already does this...

Oh, and DOGE won’t be an actual g’ment agency (so far) so it’ll have no legal force or even an approved gment budget.

[C0RI0LANUS]

35. Foreign sources of revenue? Let's start with Trumpf's overseas bank accounts.

Links:

https://www.bbc.com/news/business-54625422

https://www.newsweek.com/full-list-trumps-foreign-bank-accounts-1770459

[ificandream]

36. Notice he's not asking his rich buddies to pay their fair share.

[Initech]

38. Small government, my ass!

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]

39. Basically a mob style shake down. Pay up or else.

After the fascist plunder the USA, they're coming after your country.