Both parties in the US support it! "Tariff rebates" become "cash handouts for everyone"?

``` After Trump lost the Supreme Court tariff case, Democrats are demanding that the entire amount of tariff revenue from the overturned court ruling be refunded to American families—a proposal that actually coincides with Trump’s previous push for “dividend” checks from tariffs. On Monday, February 23, U.S. Senators Elizabeth Warren, Sherrod Brown, and other well-known Democrats called on the Trump administration to fully refund the tariffs and described the tariffs as the main culprit for driving up inflation, blaming Republicans for the issue. Brown stated on social media that he’s demanding a refund of $1,336 for every household in Ohio, while California Governor Gavin Newsom and Illinois Governor J.B. Pritzker—both considered potential presidential candidates in 2028—are asking for $1,700 or more per household. Leading Senate Democrats announced on Monday that they are introducing legislation calling for the full refund of approximately $175 billion in Trump-era tariffs that were overturned by the court, plus interest. The bill asks companies that receive the refund to pass the money on to consumers, but this is not mandatory. Trump’s position is more complicated. He’s already initiated a new 15% global tariff to replace those overturned by the Supreme Court and said refunds could be tied up in court for years. However, Wallstreetcn notes that Trump had actually spent months pushing a plan to send $2,000 “dividend” checks from tariff revenue to middle- and low-income families, although Congressional Republican leaders responded coolly. Election Year Tariffs Become Political Focal Point Analyses suggest the tariff issue is expected to play a major role in key Senate races in battleground states such as Ohio, Maine, Alaska, and Iowa. Spending on the Ohio Senate race is expected to reach hundreds of millions of dollars and is crucial for Democrats regaining control of Congress. Progressive Democrat Sherrod Brown, after losing his seat in the 2024 election, was the first to take action to run for the Senate again. In a social media post on Monday, he linked tariffs directly to inflation and targeted his opponent, Republican Senator Jon Husted: Jon Husted has always supported these tariffs. Ohioans are being crushed by soaring prices and deserve their money back. Previously, Ohio Republican incumbent Senator Husted posted on social media: Today, the U.S. Supreme Court has spoken. In America, even if we disagree, we respect the rule of law. Bernie Moreno, the senator who defeated Brown in 2024, countered that Brown had supported tariffs for decades but now opposes them. Moreno stated at the Capitol: Democrats used to be the party that supported tariffs because they were the party of the working class. Moreno is pushing Congress to codify higher tariffs into law and use the revenue to pay for other priorities, such as making middle-class tax cuts permanent; however, such legislation is unlikely to pass Congress this year. Democratic Governors and Senators Demand Immediate Refunds Several Democratic governors have joined the call for refunds. California Governor Gavin Newsom and Illinois Governor J.B. Pritzker, both potential 2028 presidential candidates, have called for refunds of $1,700 or more per household. Newsom wrote: Every dollar taken illegally must be refunded immediately, with interest, cough it up! Pritzker directly sent Trump a bill for $8.6 billion, which equals $1,700 for every household in the state. Senator Elizabeth Warren posted: Trump stole your money through illegal tariffs, forcing you to pay higher prices for everything from housing to groceries. It's time for Trump to pay it back. Trump Pushes Tariff “Dividend” Checks The idea of returning at least some tariff revenue to American families is itself a populist proposal previously championed by Trump. Wallstreetcn notes that Trump actively promoted sending $2,000 “dividend” checks from tariff revenue to middle- and low-income families, but Congressional Republican leaders responded coolly. Although importers are ready to fight in court to recover billions of dollars paid, analysts believe Congress is unlikely to act. Ways and Means Committee Chairman Jason Smith said in a media interview on Monday: I don’t think there will be a path to a refund from Congress. Watchdog groups such as the Committee for a Responsible Federal Budget are concerned that, with the annual deficit approaching $2 trillion, Trump’s “dividend” plan last year could cost hundreds of billions each year. Risk warning and disclaimer The market carries risks, and investment requires caution. This article does not constitute personal investment advice, nor does it take into account the individual investment objectives, financial situation, or needs of any particular user. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investing accordingly is at your own risk. ```