Trump discusses abolishing IRS, implement 'External Revenue Service'

President Donald Trump sounds like he wants to get rid of the IRS and use a different version of tax collection. It's very complicated (or is it?) and nothing is set in stone at this time, but it's good to see people talking about this. The video above is some of Trump's talking points.

Many people believe taxation is theft. I think we need a little bit of taxes so that things like roads, schools, and other NEEDS are taken care of. But - we don't need our tax money wasted on things no one asked for, like when USAID was trying to give money to another country so they could make Sesame Street. They can pay for their own shows, we shouldn't be funding that.

This was mentioned on the White House website:

The Secretary of the Treasury, in consultation with the Secretary of Commerce and the Secretary of Homeland Security, shall investigate the feasibility of establishing and recommend the best methods for designing, building, and implementing an External Revenue Service (ERS) to collect tariffs, duties, and other foreign trade-related revenues.

This was mentioned on the MSN:

President Donald Trump previously proposed an overhaul of the U.S. tax system, advocating for the elimination of individual income taxes and a tariff-based revenue system. The plan aims to replace the Internal Revenue Service (IRS) with an "External Revenue Service" to collect funds primarily through tariffs. Commerce Secretary Howard Lutnick indicated that the approach could generate approximately $700 billion annually, potentially eliminating the federal deficit and reducing interest rates.