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Trump considers 'rebates' to US taxpayers from tariff income

  • On July 25, 2025, President Donald Trump told reporters that due to the substantial tariff revenue the government has received, he is contemplating providing a rebate to certain American taxpayers.
  • This proposal arises amid the administration's sweeping tariffs, which earlier this year generated over $100 billion in revenue and could reach $300 billion by year-end.
  • Trump mentioned that the rebates would be aimed at individuals within specific income brackets but did not provide details on the amounts. Additionally, any nationwide rebate proposal would require approval from Congress.
  • Senator Josh Hawley announced plans to introduce a bill that would provide rebate payments to employed Americans, drawing inspiration from the $1,200 stimulus checks issued during the COVID-19 pandemic.
  • If passed, the rebate could provide tax relief amid ongoing trade talks and tariff negotiations, but concerns remain over potential impacts on the national deficit and consumer prices.
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Wccftech broke the news in on Friday, July 25, 2025.
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