Senator Josh Hawley proposes a $600 tariff rebate for American families
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Senate Republicans want to see some of the money from the president Donald Trump’s The tariffs will return to American families.
Trump’s tariffs have so far been rakes for billions of dollars, and have set the administration at a pace to achieve its once-high-ranking goal of $300 billion in total revenue from total duties to the federal government.
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R-Mo. Senator Josh Hawley will speak to media members following his weekly Senate Republican policy lunch at the U.S. Capitol in Washington, DC on February 27, 2024. (Reuters/Nathan Howard)
Senator Josh HawleyR-Mo. , I want to see some of that money flow into Americans. Holy introduced a bill that would provide families with up to $600 per adult and child, or a total of $2,400 for a family of four.
His bill comes as the Treasury announced until July that the administration’s tariffs had led to around $28 billion. This is already $1 billion more than everything in June Tax Incomeand brings about $150 billion in total revenue generated from annual operations.
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President Donald Trump has joined FDA Commissioner Martin McCurry, National Institutes of Health (NIH) Director Jay Batacharya, Director of Health and Human Services Robert F. Kennedy Jr., and administrators at the Centers for Medicare and Medicaid. (Getty Images/Tom Brenner of the Washington Post via Getty Images)
It also serves as a Trump heel that could potentially give Americans a rebate check.
“We’re thinking about a bit of a rebate,” Trump told reporters last week. “But what we want to do is pay off our debts. But we’re thinking about rebates.”
Holy argued that “Americans deserve tax refunds after four years of Biden policy that destroyed family savings and livelihoods.”
“As President Trump proposed, my law would allow hardworking Americans to benefit from the wealth that Trump’s tariffs are back in this country,” he said in a statement.
Senate Democrats Tax experts also warn that Trump’s tariff policies are effectively adding another tax to consumers, saying the costs of additional obligations on products are usually carried by consumers.
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President Donald Trump will speak at the “Wealthy American” trade announcement event held at the White House Rose Garden on April 2, 2025. (Chip Somodevilla / Getty Images / Getty Images)
The Holy bill could help cancel some of its additional costs from the White House customs strategy.
The Holy bill reflects the same parameters laid out in 2020, when the Trump administration issued a $1,200 stimulus check to Americans. COVID-19 Pandemic. Not all families are guaranteed the $600 outlined in his laws.
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For example, joint filers earning more than $150,000, single filers earning more than $112,500, and individuals earning more than $75,000 will have a reduced rebate amount.
And if tariffs bring in more revenue than expected estimates, people will see more than $600 from the government.