Sen. Bernie Moreno (R-OH) has formally introduced a bill in the U.S. Senate that would create the External Revenue Service with funds from repurposing money that former President Joe Biden had sent to the IRS to hire more agents.
The creation of an External Revenue Service, a top priority of President Donald Trump, would aim to collect revenue from tariffs and other means from foreign countries and entities as opposed to the Internal Revenue Service (IRS) that collects revenue from taxing Americans. Trump of course earlier in January announced his intention to create the External Revenue Service—an idea that has been a smashing hit among his supporters since he rolled it out.
Moreno’s legislation, which his office provided bill text and a summary of to
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