S 2551
Tariff Rebate Act
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Bill overview
This bill, the Tariff Rebate Act, creates a program to distribute revenue collected from tariffs back to American taxpayers. The program, administered by the Treasury Department, would pay eligible individuals a rebate based on their taxable income. The bill aims to offset the costs of tariffs on goods and to align the benefits of trade barriers with those who bear the burden of increased prices. It specifically addresses tariffs related to trade actions against China and provides for a special rebate for tax year 2018.
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