According to the White House, existing import duties on goods raised $80 billion in 2023, around 2 percent of the $4.44 trillion in total federal tax revenue. This week, Trump announced his ...

And I think that the words "Internal Revenue Service" strike fear in the hearts of many American taxpayers. And the purpose of an external revenue service would be to look at exactly that," the ...

'The Big Money Show' co-host Brian Brenberg weighs in on President-elect Trump's floated idea of an External Revenue Service and President Biden's warning about the future of artificial intelligence.

Trump hasn’t said whether the CBP or the IRS would cease collecting foreign revenue under his plan. Some experts said the new agency, in and of itself, likely wouldn’t have a dramatic effect ...

The agency, aptly named the External Revenue Service (ERS), will do the exact opposite of the already existing Internal Revenue Service (IRS), which focuses on taxing U.S. citizens. This is the ...

Even if Donald Trump vastly expands the use of tariffs as president, it’s unlikely he’ll collect enough revenue to replace the more than century-old federal income tax system. President-elect ...

He compared his planned creation to the Internal Revenue Service, which is the nation's domestic tax collector. The creation of a new agency requires an act of Congress, and Republicans hold the ...

“No amount of silly rebranding will hide the fact that Trump is planning a multi-trillion-dollar tax hike on American families and small businesses to pay for another round of tax handouts to the rich ...

For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS). Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and ...

Trump also criticised the current reliance on domestic taxes through the revenue-service"Internal Revenue Service (IRS) and emphasised the need for foreign entities benefiting from trade with the ...

The president-elect is revealing more of his plans to shake up Washington. Trump says he wants to create an agency that would collect tariffs ...