What follows are my initial responses to Trump’s creation of the External Revenue Service, or ERS, future rival of the IRS. The short answer is no, not without congressional cooperation. Like other presidents, Trump lacks the constitutional authority to create a whole new federal agency such as the ERS.
Experts believe Trump would struggle to replace tax revenue with income from tariffs, as the president has recently suggested.
During an unscheduled stop on the casino floor at Circa Resort & Casino in Las Vegas on Saturday, President Donald Trump said he might terminate the contracts of thousands of Internal Revenue Service (IRS) workers, referring to debunked claims that the agency has hired 88,000 enforcement agents to go after taxpayers in the past few years.
Trump executive order that reclassifies career civil servants risks politicizing thousands of government jobs, critics say.
President-elect promises to create External Revenue Service to collect tariffs. But will the ERS also impact your spending power?
IRS Commissioner Danny Werfel will resign to preempt Donald Trump firing him. Trump had already nominated former GOP Rep. Billy Long to replace him.
President Trump signed a series of executive orders after his inauguration, including a hiring freeze for federal government workers, particularly at the IRS.
Scott Bessent, a billionaire hedge fund manager, will lead President Donald Trump 's financial agenda as treasury secretary. Bessent was confirmed in a 68-29 U.S. Senate vote on Monday and sworn in on Tuesday. It is his first time overseeing a sprawling organization or working in government, The New York Times reported .
President-elect Donald Trump plans to create an External Revenue Service. Here’s what that might mean for you.
Former U.S. Assistant Secretary of State for Economic and Business Affairs weighs President-elect Trump's plan to establish the 'External Revenue Service.'
IRS Commissioner Daniel Werfel says he intends to step down from his position on President-elect Donald Trump’s Inauguration Day.
U.S. Treasury Secretary Janet Yellen said on Wednesday U.S. President-elect Donald Trump's plan to set up a new government agency to collect tariffs would duplicate an existing agency and was unlikely to save money.