New Ohio Senator Introduces Bill to Fund Trump’s External Revenue Service

Taxes | January 22, 2025

New Ohio Senator Introduces Bill to Fund Trump’s External Revenue Service

Sen. Bernie Moreno, a newly elected Ohio Republican, introduced his first piece of legislation on Tuesday—a bill aimed at funding the External Revenue Service that President Donald Trump has promised to create.

By Sabrina Eaton
cleveland.com
(TNS)

WASHINGTON, D. C. – U.S. Sen. Bernie Moreno introduced his first piece of legislation on Tuesday—a bill aimed at funding the “External Revenue Service” that President Donald Trump has promised to create.

“Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens,” Trump said in the inaugural address he delivered after he was sworn in on Monday. “For this purpose, we are establishing the External Revenue Service to collect all tariffs, duties, and revenues. It will be massive amounts of money pouring into our Treasury, coming from foreign sources.”

The legislation Moreno, a newly elected Westlake Republican, introduced would take funds that that the Inflation Reduction Act adopted during former President Joe Biden’s administration provided to boost the Internal Revenue Service, and reallocate them to the new External Revenue Service. Moreno’s office said the Biden administration in 2022 allocated $80 billion in new IRS funding over 10 years.

“Instead of hounding working Americans with Joe Biden’s army of IRS agents, we should be helping President Trump put our country back on track by correcting decades of bad trade deals,” said a statement from Moreno. “The President’s External Revenue Service will put money back in American’s pockets by making sure our adversaries like China stop ripping our country off and finally pay their fair share.”

His legislation has been referred to the Senate Finance Committee for consideration. It does not yet have a counterpart in the U.S. House of Representatives, which must also pass the legislation before it can become law.

Photo credit: U.S. Sen. Bernie Moreno, an Ohio Republican, talks to reporters on January 3, 2024. (Photo by Sabrina Eaton, cleveland.com)

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©2025 Advance Local Media LLC. Visit cleveland.com. Distributed by Tribune Content Agency LLC.

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