Trump tariffs: Martin Heinrich bill would give families tax rebate for higher import costs
CNBC
The Supreme Court in a 6-3 ruling Feb. 20 ruled that President Donald Trumps IEEPA tariffs were illegal.
Sen. Martin Heinrich, D-N.M., introduced a bill Thursday to create a new tax rebate for individuals and families hit by the cost of President Donald Trump's now-defunct reciprocal tariffs.
The bill, dubbed the "Tariff Refunds for Working Families Act" and shared exclusively with CNBC, is part of the escalating effort by Democrats to capitalize on Trump's tariff agenda ahead of the 2026 midterm elections. Polls indicate the levies have become increasingly unpopular, with economically anxious voters expressing concern about affordability as Democrats vie to rip control of Congress away from Republicans.
"The President may call the affordability crisis a 'hoax,' but working people feel it every time they pay for groceries or everyday essentials," Heinrich said in a statement. "This bill will return the money lost to Trump's tariffs back to the people who paid the price."
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The United States government could end up paying $165 billion of more in refunds for Trump's IEEPA tariffs that the Supreme Court ruled were illegal.
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