No, Trump didn’t sign an executive order to eliminate income taxes
President Donald Trump directed his Cabinet to explore the feasibility of creating an External Revenue Service to collect tariff revenues. Congress would need to pass a law to create the agency. Trump’s action does not eliminate the IRS or federal income taxes.
What follows are my initial responses to Trump’s creation of the External Revenue Service, or ERS, future rival of the IRS.
The creation of a separate department will likely need congressional support, though Trump could try to establish the ...
Trump said his new "external revenue service" will go into effect on January 20 to help the US collect more revenue from ...
The Associated Press on MSN13d
Trump Plans to Create an ‘External Revenue Service’ to Collect TariffsDespite vows to shrink the federal government, the President-elect wants to create a new agency for these taxes, even though ...
The U.S. will create an “External Revenue Service,” Trump said in his remarks, a play on the name of the Treasury’s tax ...
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today. From reproductive rights to climate change to Big Tech, The ...
President-elect Donald Trump plans to create an External Revenue Service to collect tariffs, duties and revenues from foreign sources, he said via social media on Tuesday. “I am today ...
Even if Donald Trump vastly expands the use of tariffs as president, it's unlikely he'll collect enough revenue to replace ...
President-elect Trump plans to create an External Revenue Service that would collect tariffs from U.S. importers, with economists arguing the proposed agency's name obscures who pays.
President-elect promises to create External Revenue Service to collect tariffs. But will the ERS also impact your spending power?
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