White House silent on plans for External Revenue Service – Washington Examiner
The article discusses the status of President Donald Trump’s proposal to establish an “External Revenue Service” (ERS), wich is intended to manage government revenue from U.S.tariffs. The initiative was frist announced through an executive order on Trump’s inauguration day, directing the Commerce Department to develop plans for the new agency. However,the proposal is stalled as the White House intensifies trade conflicts with countries like Canada.
White House Press Secretary Karoline Leavitt provided limited details about the ERS when questioned by the *Washington Examiner*,indicating that reciprocal tariffs need to be implemented before revenue generation can facilitate the establishment of the ERS. Commerce Secretary Howard Lutnick has advocated for the ERS to possibly replace the Internal Revenue Service (IRS) but has yet to outline a clear plan for its creation. the article highlights ongoing discussions and uncertainties surrounding the initiative amidst Trump’s economic policies and trade strategies.
White House mum on External Revenue Service launch as Trump mounts trade war
President Donald Trump’s plan to build an “External Revenue Service” is stuck in limbo even as the White House mounts an aggressive trade war with Canada and other countries.
On his first day in office, Trump signed an executive order directing the Commerce Department to begin formulating plans for standing up the agency, which would be responsible for handling all government revenue stemming from any U.S. tariffs.
Trump administration officials suggested the ERS would be able to account for enough new government revenue to justify the complete closure of the Internal Revenue Service.
However, White House press secretary Karoline Leavitt declined to give specifics Tuesday when pressed by the Washington Examiner for an update on the new government agency.
“Well, we need reciprocal tariffs to go into effect first, and as you know, the president will be rolling those out on April 2,” she responded. “And then the next part of that process is collecting that revenue to ultimately create the External Revenue Service, which [Commerce] Secretary [Howard] Lutnick is working very hard on and is quite enthusiastic about if you have noticed from his media.”
Leavitt directed follow-up questions, including whether the president’s team had determined if legislation would be required to stand up the ERS, to the Commerce Department.
Since January, Lutnick has repeatedly called for replacing the IRS with the ERS in media appearances but has provided virtually no details on the process for launching the agency.
TRUMP WHITE HOUSE ABANDONS STOCK MARKET BAROMETER AMID RECESSION FEARS
You can watch Leavitt’s briefing in full below.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Now loading...