GOP Pushes to Give Americans $600 Checks from Tariffs
The windfall from tariffs could reach the wallets of Americans. At least that is what one Senate Republican wants to happen. According to a report on Fox Business , the tariffs imposed by President Donald Trump earlier…
The windfall from Tariffs could reach the wallets of Americans.
At least that is what one Senate Republican wants to happen.
According to a report on Fox Business, the Tariffs imposed by President Donald Trump earlier this year has resulted in billions of dollars — well on its way to the $300 billion in total revenue to the federal government goal.
Sen. Josh Hawley (R-Mo.) has introduced a bill that would take the money gleaned from Tariffs and distribute it to Americans. Families would receive $600 per adult and child. For a family of four, this adds up to $2,400.
Trump recently hinted at the possibility of a rebate.
“We’re thinking about a little rebate,” Trump said last week. “But the big thing we want to do is pay down debt. But we’re thinking about a rebate.”
Hawley said this is what “Americans deserve” after four years with former President Joe Biden in the White House.
“Americans deserve a tax rebate after four years of Biden policies that have devastated families’ savings and livelihoods,” Hawley said.
“Like President Trump proposed, my legislation would allow hard-working Americans to benefit from the wealth that Trump’s Tariffs are returning to this country,” he continued in a statement.
Senate Democrats have pushed the theory that American consumers will ultimately shoulder the cost of Tariffs.
The guidelines for this rebate would mirror that in 2020 during the COVID-19 pandemic when $1,200 stimulous chechs were disbursed.
Plus, the more revenue brought in by Tariffs, the more likely the $600 base payment would increase.