Part 1/7:
President Trump's External Revenue Service Proposal
On January 14, 2025, President Donald Trump made a significant announcement that has raised eyebrows across the political landscape: the creation of the External Revenue Service (ERS). This agency is intended to operate parallel to the Internal Revenue Service (IRS), which primarily collects income and payroll taxes, and will focus on collecting tariffs and duties from foreign sources. Trump’s declaration on Truth Social emphasized this new initiative, stating that the ERS would ensure that those who profit from trade with the United States would finally contribute their fair share.