"Low- and middle-income families and small businesses accounted for well over half of the U.S. population, yet they paid a disproportionate share of their incomes to the government due to IEEPA tariffs."
"The CBP estimates that 330,000 American importers actually paid the tariffs, while over 300 million Americans bore the burden every time they made purchases."
"Retail prices rose by between 6 and 7 percentage points, costing the average American household between $400 and $600, with low-income families suffering the most."
"Rebates from the U.S. Government will primarily benefit large retailers and importers, leaving consumers and small businesses without any clear recourse to recover their money."
Low- and middle-income American families and small businesses paid a disproportionate share of their incomes due to IEEPA tariffs, amounting to approximately $175 billion. The Supreme Court's decision to strike down these tariffs leaves them without rebates. Retail prices increased by 6 to 7 percentage points, costing households between $400 and $600. Rebates are only given to importers who paid the tariffs, leaving consumers and small businesses without recourse to recover their losses.
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