Ofc, tariffs don’t fund spending, budgeting/appropriations (eg. CARES Act for the COVID stimulus) by the Congress does. He can’t legally do it without Congress. The Congress can ‘pretend’ tariffs are ‘funding’ the stimmies, make it appear as if its coming from tariff revenue but it’s just accounting bs.
So he is basically saying, ‘we took $2,000/per capita (per eligible adult) from the economy via tariffs now we are putting that back’ for some reason. It cannot be argued its deterring imports since the tariff revenue exists because there were imports in the first place.
There are questions about whether the government could end up having to refund more than $100 billion to importers if the high court rules the tariffs weren’t legal.
This part is interesting because the importers passed on the tariffs to consumers but now get paid “back” for nothing. So it’s a transfer from the consumers to importers.
Ofc, tariffs don’t fund spending, budgeting/appropriations (eg. CARES Act for the COVID stimulus) by the Congress does. He can’t legally do it without Congress. The Congress can ‘pretend’ tariffs are ‘funding’ the stimmies, make it appear as if its coming from tariff revenue but it’s just accounting bs.
So he is basically saying, ‘we took $2,000/per capita (per eligible adult) from the economy via tariffs now we are putting that back’ for some reason. It cannot be argued its deterring imports since the tariff revenue exists because there were imports in the first place.
This part is interesting because the importers passed on the tariffs to consumers but now get paid “back” for nothing. So it’s a transfer from the consumers to importers.
what are they gonna do, vote?