US may owe $1 trillion in refunds if SCOTUS cancels Trump tariffs
US may owe $1 trillion in refunds if SCOTUS cancels Trump tariffs
arstechnica.com
US may owe $1 trillion in refunds if SCOTUS cancels Trump tariffs
US may owe $1 trillion in refunds if SCOTUS cancels Trump tariffs
US may owe $1 trillion in refunds if SCOTUS cancels Trump tariffs
This honestly pisses me off, because it's the businesses that would be getting the refunds, when they largely just passed those costs on to their customers anyway. They weren't the ones that bore the costs of the tariffs, but they'd be getting refunded for them anyway.
No, it’s the firms that bought the tariff debt who are getting the refunds. These business owners sold off the obligation for pennies on the dollar to a firm which is run by one of the richest men in the country (his dad ran it before he did, I just can’t remember names) and that business will get the trillions in refunds if this occurs. This was all a gigantic grift happening right before our very eyes.
Holy shit, this is actually a thing
https://talkingpointsmemo.com/edblog/lutnick-family-angling-to-make-astronomical-sums-off-court-nixing-tariffs
(Billions, not trillions, though)
Great, that pisses me off even more.