Democrats Push for $175 Billion Tariff Refund After Supreme Court Rebuke

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CNBC Awaaz•24-02-2026, 10:03
Democrats Push for $175 Billion Tariff Refund After Supreme Court Rebuke
- •Democratic leaders demand the government refund billions in tariffs after the US Supreme Court declared former President Donald Trump's tariff orders illegal.
- •Senators Ron Wyden, Ed Markey, and Jeanne Shaheen introduced a bill on February 23 for US Customs and Border Protection to issue refunds within 180 days with interest.
- •The bill prioritizes small businesses, importers, and wholesalers to ensure quick customer benefits, arguing Trump's tariffs burdened these groups and ordinary families.
- •The Trump administration states that refund decisions will be determined by ongoing legal processes, not the government.
- •If refunds are issued, the Penn Wharton Budget Model estimates each American family could receive an average of $1,300, though determining who bore the tax burden remains a challenge.
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