Tech industry primed for big refunds if SCOTUS rules against Trump tariffs.

If Donald Trump loses his Supreme Court fight over tariffs, the US may be forced to return “tens of billions of dollars to companies that have paid import fees this year, plus interest,” The Atlantic reported. And the longer the verdict is delayed, the higher the refunds could go, possibly even hitting $1 trillion.

  • Doomsider@lemmy.world
    60·
    2 days ago

    The total collected so far is under two hundred billion. We would have gotten more in taxes if we had just taxed the rich and they would have barely noticed it.

    • partofthevoice@lemmy.zip
      24·
      2 days ago

      And why the fuck would companies get the refund? The costs of their import fees were passed onto consumers. Another fucking payday for the slime fucks while the actual population of human beings suffers?

      • Bakkoda@lemmy.zip
        7·
        2 days ago

        Literally the point. US government and the businesses in this country are all pretty much on the same team and you aren’t.

    • Lucidlethargy@sh.itjust.works
      5·
      2 days ago

      They’d have bitched, then gone back to doing every goddamn thing they did before.

      Nothing impacts the ultra-rich. A fortune to us, it’s nothing to them.