Ever noticed how many foreign ships crowd our ports while American vessels become increasingly rare? There’s a reason for that – and it’s costing you money.
Every single day, billions of dollars in foreign commerce flow through our waters, yet somehow these companies manage to avoid paying their fair share.
Think about the last cruise ship you saw in Miami or Seattle. Chances are it was flying a Panamanian or Liberian flag – a convenient little trick that lets these massive corporations dodge U.S. taxes while profiting from American customers.
And let’s be honest, we’re all tired of watching foreign businesses get rich off our infrastructure while hardworking Americans foot the bill.
In a groundbreaking announcement that signals a major shift in U.S. tax policy, Commerce Secretary Howard Lutnick revealed President Trump’s ambitious plan to abolish the Internal Revenue Service – yes, you read that right – in favor of an External Revenue Service that would fundamentally transform how America collects its revenue.
From ‘Daily Caller’:
U.S. Secretary of Commerce Howard Lutnick appeared Wednesday on Fox News and talked about President Donald Trump’s plan to dismantle the Internal Revenue Service (IRS) as a step toward tax reductions…
“His goal is to abolish the Internal Revenue Service and let all the outsiders pay. I mean, this is someone who is focused on America. Let’s drive down our waste, foreign abuse,” Lutnick told Watters.
Shifting the Tax Burden Where It Belongs
Let’s be honest – the IRS hasn’t exactly earned Americans’ trust over the years. With a dismal 50% unfavorable rating according to recent Pew Research, it’s the least-favored federal agency.
And after years of controversial targeting of conservative groups, many Americans won’t shed a tear at its replacement.
The new plan represents a dramatic departure from traditional tax collection methods. Instead of burdening American citizens, the External Revenue Service would target foreign entities that have been gaming our system for decades. “Every supertanker, none pays taxes.
Alcohol, all foreign alcohol, no taxes,” Lutnick explained during his Fox News appearance. Think about that next time you’re filing your 1040.
Implementation and Oversight for Real Change
This isn’t just another government reshuffling (and we all know how those usually work out). The Department of Government Efficiency, led by Elon Musk, has already begun preliminary assessments of current IRS operations.
Their goal? Identifying and eliminating approximately $1 trillion in waste, fraud, and abuse across government agencies.
Treasury Department statistics tell the story: individual taxpayers currently shoulder 52% of federal revenue, amounting to $823 billion in 2024. Under Trump’s plan, that burden would shift dramatically to where it belongs – foreign entities profiting from American markets.
International Response Shows We’re on the Right Track
Predictably, foreign leaders aren’t thrilled about finally having to pay their fair share. Canadian Prime Minister Justin Trudeau has already warned of “immediate and strong” retaliation if new tariffs are implemented.
But here’s the thing – when foreign leaders start complaining about American strength, it usually means we’re doing something right.
Key Takeaways
- President Trump’s External Revenue Service initiative would eliminate the IRS while shifting tax burden to foreign entities.
- The plan targets billions in untapped revenue from foreign vessels, imported goods, and international corporations.
- Implementation would provide significant tax relief for American citizens while strengthening America’s position in global trade.
Sources: Daily Caller, Newsweek, Fox Business
