Trump & Co. Working overtime to keep the Tariff Taxes/Money They Took…..

It is almost certain that any strategy the Trump administration puts forward to slow walk the refunds would be challenged in court and face political attacks from Democrats, who are already looking to score points on the issue. Nevertheless, the discussions underscore that the Supreme Court’s bruising 6-3 decision last week reining in the president’s tariff authority is unlikely to be the final word on a matter near to Trump’s heart.

The conversations also highlight the difficult balance between preserving the more than $133 billion in duties collected from importers, potentially shielding the federal balance sheet from a sudden fiscal hit, and reassuring a business community that has repeatedly bristled at his trade moves. In the wake of the Supreme Court ruling, major business groups from a variety of sectors demanded Trump promptly repay the tariffs struck down by the court. On Monday, FedEx became the first major company following the decision to file a lawsuit seeking a “full refund” of the tariffs it paid….

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Tariff revenue played a major role in Trump’s economic policy over the past year. Not only did Trump float using the money to provide direct payments to some Americans, the White House used the prospect of $4 trillion in tariff revenue over the next ten years to help convince fiscal hawks to support a massive tax package that Republicans passed last July. Without the tariff revenue, the tax cuts are projected to add $3.4 trillion to the national debt, according to the non-partisan Congressional Budget Office.

The president, during his State of the Union, painted a vision of tariffs as a permanent economic foundation for government options, saying that he hoped they would one day replace the income tax, though doing so would require a much higher tariff rate than exists now.

The Court of International Trade is now poised to sort through more than 1,000 refund-related cases that have been filed, as importers not involved in the suit press their claims and the Justice Department weighs how to defend the administration’s trade agenda.

If courts conclude the tariffs were unlawfully imposed, importers would generally be entitled to refunds processed by Customs — a potentially complex and costly undertaking that administration officials warn would have consequences for the federal government’s finances.

The administration retains tools, however, that could slow or complicate the refund process….

More…

Note…

Folks?

This IS another situation that TRULEY show how ‘DUMB” Trump and his crew ARE….

This whole tariff/tax thing IS purely Donald J. Trump trying get at the money….

As President?

Taxpayers money…..

And lets remember he wants also sue His government for another $10 Billion for leaking his tax info to the media back in 2028 and 2020…..