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AZLD4Candidate

(6,449 posts)
Tue Jan 14, 2025, 05:41 PM Jan 14

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.
39 replies = new reply since forum marked as read
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Trump says he will create new agency to collect revenue from foreign sources (Original Post) AZLD4Candidate Jan 14 OP
Empty promises, like he would end inflation and the war in Ukraine surfered Jan 14 #1
Republicans were all in a bother over IRS funding bucolic_frolic Jan 14 #2
Tariffs are collected from importers because we have jurisdiction over them unblock Jan 14 #3
Incredibly stupid -- he's doubling and tripling down on stupid William Seger Jan 14 #13
I think he's actually that stupid Diraven Jan 14 #20
How'd that work out with Mexico? twodogsbarking Jan 14 #4
Call it FDIC Marthe48 Jan 14 #5
He's gonna try to divert this to his personal accounts. cpamomfromtexas Jan 14 #6
My thoughts as well. sheshe2 Jan 14 #17
I predicted this a while ago Diraven Jan 14 #21
A new department to collect foreign bribes Denvermosaic Jan 14 #7
Ding ding we have a winner Lifeafter70 Jan 14 #9
LOL DENVERPOPS Jan 14 #19
I think jr is applying for the job Lifeafter70 Jan 15 #22
I thought he DENVERPOPS Jan 15 #23
"He went to Jared." Kid Berwyn Jan 15 #37
I think states should charge at a minimum of a 300% Buddyzbuddy Jan 14 #8
Oh, I bet he will. Straight into his pockets. travelingthrulife Jan 14 #10
Well, of course! WestMichRad Jan 14 #16
Doesn't the GOP PAC (trump's wallet) already perform that function? PSPS Jan 14 #11
Just call it asking for bribes to throw stuff your way 4catsmom Jan 14 #12
Trump is lying Cirsium Jan 14 #14
Bahahahahahahahaha!!!!!!!!! Dem4life1970 Jan 14 #15
Canadian lumber BidenRocks Jan 14 #18
Nah DENVERPOPS Jan 15 #24
Another new bureaucracy sounds like more swamp for more alligators Hassler Jan 15 #25
The US Department of Griftting! FSogol Jan 15 #26
Mayne the new External Revenue Service LogDog75 Jan 15 #27
I believe he already did this LPBBEAR Jan 15 #28
Small government GOP Old Crank Jan 15 #29
Someone needs to tell Stinky that CBP already performs this function. Ray Bruns Jan 15 #30
so the orange asshole wants tributes now. Javaman Jan 15 #31
Wait until President Musk hears about another agency! Wonder Why Jan 15 #32
We have such an agency already. Customs and Border Patrol LetMyPeopleVote Jan 15 #33
CUSTOMS and Border Patrol already does this... jvill Jan 15 #34
Foreign sources of revenue? Let's start with Trumpf's overseas bank accounts. C0RI0LANUS Jan 15 #35
Notice he's not asking his rich buddies to pay their fair share. ificandream Jan 15 #36
Small government, my ass! Initech Jan 15 #38
Basically a mob style shake down. Pay up or else. Hotler Jan 16 #39

surfered

(4,495 posts)
1. Empty promises, like he would end inflation and the war in Ukraine
Tue Jan 14, 2025, 05:44 PM
Jan 14

but the suckers keep buying it.

bucolic_frolic

(48,205 posts)
2. Republicans were all in a bother over IRS funding
Tue Jan 14, 2025, 05:47 PM
Jan 14

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

(54,386 posts)
3. Tariffs are collected from importers because we have jurisdiction over them
Tue Jan 14, 2025, 05:53 PM
Jan 14

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

(11,226 posts)
13. Incredibly stupid -- he's doubling and tripling down on stupid
Tue Jan 14, 2025, 07:57 PM
Jan 14

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

(1,139 posts)
20. I think he's actually that stupid
Tue Jan 14, 2025, 11:36 PM
Jan 14

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.

Diraven

(1,139 posts)
21. I predicted this a while ago
Tue Jan 14, 2025, 11:40 PM
Jan 14

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.

DENVERPOPS

(10,504 posts)
19. LOL
Tue Jan 14, 2025, 11:22 PM
Jan 14

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....

Buddyzbuddy

(248 posts)
8. I think states should charge at a minimum of a 300%
Tue Jan 14, 2025, 06:27 PM
Jan 14

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.

Cirsium

(1,480 posts)
14. Trump is lying
Tue Jan 14, 2025, 08:21 PM
Jan 14

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

(663 posts)
15. Bahahahahahahahaha!!!!!!!!!
Tue Jan 14, 2025, 08:38 PM
Jan 14

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

(1,009 posts)
18. Canadian lumber
Tue Jan 14, 2025, 10:42 PM
Jan 14

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

Chump screws California by making it too expensive to rebuild.

DENVERPOPS

(10,504 posts)
24. Nah
Wed Jan 15, 2025, 12:45 AM
Jan 15

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.....

LogDog75

(259 posts)
27. Mayne the new External Revenue Service
Wed Jan 15, 2025, 02:14 AM
Jan 15

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

LPBBEAR

(419 posts)
28. I believe he already did this
Wed Jan 15, 2025, 02:48 AM
Jan 15

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

(5,151 posts)
29. Small government GOP
Wed Jan 15, 2025, 02:52 AM
Jan 15

Racing to add another multi billion dollar redundant agency.

Yup. That tracks.

Now Johnson is going to have to fund it. More debt.

LetMyPeopleVote

(157,012 posts)
33. We have such an agency already. Customs and Border Patrol
Wed Jan 15, 2025, 02:12 PM
Jan 15

TFG aka The Felony Guy does not understand how tariffs work



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

(459 posts)
34. CUSTOMS and Border Patrol already does this...
Wed Jan 15, 2025, 03:07 PM
Jan 15

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.

Initech

(103,087 posts)
38. Small government, my ass!
Wed Jan 15, 2025, 10:59 PM
Jan 15

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

(12,558 posts)
39. Basically a mob style shake down. Pay up or else.
Thu Jan 16, 2025, 09:16 AM
Jan 16

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

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