WASHINGTON — President-elect Donald Trump on Tuesday announced plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations. "We ...

In 2025, the United States has essentially imposed, for the first time, a 10% national sales tax on the wholesale value of everything imported into our country. Even agricultural products that we do ...

In 2025, the United States has essentially imposed, for the first time, a 10% national sales tax on the wholesale value of everything imported into our country. Even agricultural products that we do ...

One of the least discussed reasons Donald Trump is pushing tariffs is that wide-ranging tariffs will act much like a ...

In a move that has reshaped the architecture of federal identity verification, the Trump administration has created a ...

President Trump said in his speech that enacting tariffs on other countries would be a way to raise U.S. revenue and avoid extra taxes on Americans. "Instead of taxing our citizens to enrich other ...

Diana Shaw of Wiley Rein LLP discusses the reduction in workforce at the IRS as detailed in a report by the Treasury ...

And Trump has floated the idea of a new External Revenue Service (ERS) to handle tariffs, which he has argued could eventually replace income taxes. So…how could this leadership shakeup at the ...

The geographies of upward mobility show U.S. regions that emphasize investments in the common good over economic ...

(More on that later.) And Trump has floated the idea of a new External Revenue Service (ERS) to handle tariffs, which he has argued could eventually replace income taxes.

Trump and Lutnick have proposed that tariffs, collected through a newly formed “External Revenue Agency” could replace the IRS. “Let all the outsiders pay,” Lutnick said on Fox News.