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Tariff Refunds: Who Really Gets the Cash | Fort Wayne News
The government’s returning $166 billion in unlawful tariffs — but it’s going straight to corporations, not consumers. Treasury Secretary Scott Bessent called it a “corporate bonanza,” as the cash was already in the Treasury and must be refunded. The Supreme Court ruled the original tariffs unconstitutional, forcing this reversal. New tariffs won’t offset nearly as much revenue — analysts estimate only 60% of lost income will be recovered. Consumers, who absorbed nearly 90% of the economic hit, may not see refunds at all — some companies are applying credits to outstanding balances first. A…
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