Tariff Refund Bill Introduced in Senate
Sen. Tom Cotton, R-Ark., introduced a bill that would distribute tariff revenue from safeguard tariffs on solar panels and washing machines, Section 232 tariffs and Section 301 tariffs to low and moderate-income taxpayers. The entire amount collected would be divided…
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among taxpayers who earn less than $84,200 for individual filers or $168,400 for joint filers, he said Sept. 26. The household's share of the total revenue would come as a check, even if that household's tax liability was less than the amount. People who are claimed as dependents on others' taxes, or who do not have legal immigration status, would not be eligible.