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Hawley Bill Sends Tariff Surplus Back To Americans

Hawley Bill Sends Tariff Surplus Back To Americans

<p><&excl;-- BEGIN THEIA POST SLIDER --><&sol;p>&NewLine;<p> <br &sol;>&NewLine;<&sol;p>&NewLine;<div style&equals;"position&colon;relative">&NewLine;<p>Sen&period; Josh Hawley &lpar;R-MO&rpar; unveiled a bill this week that would offer tax rebates to &OpenCurlyDoubleQuote;hard-working” Americans and their families using revenue attained from tariffs championed by President Donald Trump&period;<&sol;p>&NewLine;<p>The <a href&equals;"https&colon;&sol;&sol;www&period;hawley&period;senate&period;gov&sol;wp-content&sol;uploads&sol;2025&sol;07&sol;Hawley-American-Worker-Rebate-Act-Bill-Text&period;pdf" target&equals;"&lowbar;blank" rel&equals;"noopener">legislation<&sol;a>&comma; called the American Worker Rebate Act of 2025&comma; aims to amend the Internal Revenue Code of 1986 and provides credits of at least &dollar;600 to each qualifying adult and child starting this year&comma; with <a href&equals;"https&colon;&sol;&sol;www&period;hawley&period;senate&period;gov&sol;hawley-introduces-legislation-to-send-rebate-checks-to-working-americans&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">potential<&sol;a> increases if collections beat projections&period;<&sol;p>&NewLine;<p>Modeled after the 2020 stimulus payments&comma; the bill proposes decreasing rebates for those who earn more than a certain amount of money&period; Specifically&comma; the credits shrink by 5&percnt; for adjusted gross income above &dollar;150&comma;000 for joint filers&comma; &dollar;112&comma;500 for heads of household&comma; or &dollar;75&comma;000 for other taxpayers&period;<&sol;p>&NewLine;<p>Hawley introduced the legislation after Trump suggested last week that his administration was considering the prospect of rebates&comma; citing revenue the United States is taking in from tariffs&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We have so much money coming in&comma; we’re thinking about a little rebate&comma; but the big thing we want to do is pay down debt&period; We’re thinking about a rebate&comma;” Trump <a href&equals;"https&colon;&sol;&sol;x&period;com&sol;Acyn&sol;status&sol;1948745482484023525" target&equals;"&lowbar;blank" rel&equals;"noopener">said<&sol;a> to a reporter outside the White House&period;<&sol;p>&NewLine;<p>Tariffs led to concerns about inflation&comma; but revenues from the levies issued by Trump exceeded the expectations of &OpenCurlyDoubleQuote;experts” and brought in more than &dollar;100 billion over the first six months of his second term&comma; The Daily Wire <a href&equals;"https&colon;&sol;&sol;www&period;dailywire&period;com&sol;news&sol;how-trumps-economy-continues-to-defy-the-experts-and-shock-the-panicans" target&equals;"&lowbar;blank" rel&equals;"noopener">reported<&sol;a> last week&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Americans deserve a tax rebate after four years of Biden policies that have devastated families’ savings and livelihoods&comma;” Hawley said in a statement&period; &OpenCurlyDoubleQuote;Like President Trump proposed&comma; my legislation would allow hard-working Americans to benefit from the wealth that Trump’s tariffs are returning to this country&period;”<&sol;p>&NewLine;<p>Trump has struck a number of framework agreements since announcing &OpenCurlyDoubleQuote;Liberation Day” tariffs as part of a bid to get other countries to negotiate trade deals and establish more favorable terms for the United States&period;<&sol;p>&NewLine;<p>On Sunday&comma; Trump <a href&equals;"https&colon;&sol;&sol;www&period;dailywire&period;com&sol;news&sol;trump-secures-biggest-of-all-trade-deals-with-eu" target&equals;"&lowbar;blank" rel&equals;"noopener">announced<&sol;a> what he called &OpenCurlyDoubleQuote;the biggest of all the deals&comma;” in which the European Union agreed to invest hundreds of billions of dollars in the United States&comma; open up its member nations to trade with America&comma; and settle on a 15&percnt; tariff rate on many imports from the bloc&period;<&sol;p>&NewLine;<&sol;div>&NewLine;<p><br &sol;>&NewLine;<br &sol;><a href&equals;"https&colon;&sol;&sol;www&period;dailywire&period;com&sol;news&sol;hawley-bill-sends-tariff-surplus-back-to-americans">Source link <&sol;a><&sol;p>&NewLine;<p><&excl;-- END THEIA POST SLIDER --><&sol;p>&NewLine;

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