Analysis: Trump's proposed tariff rebate would cost twice as much as tariffs
Description
(The Center Square) – President Donald Trump has again floated the idea of sending Americans $2,000 from tariff revenue, but a new analysis suggests the import taxes won't bring in enough money to cover the proposed checks. Trump's tariff rebate suggestion comes a week after the Supreme Court sharply questioned his authority to impose tariffs under a 1977 law that he has used to justify the bulk of the tariffs announced on April 2, which he dubbed "Liberation Day" for U.S. trade. The cases challenging Trump's tariff authority remain pending before the nation's highest court, but even if the revenue source were not in question, Trump could face challenges in getting the checks out to taxpayers.
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Read more: https://www.thecentersquare.com/national/article_88d156dd-cb20-493d-9b9f-ded4e379a03f.html
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