That's the plan. Take it from the poor and give it to the rich. No American citizen will see any of these refunds. It will all go to the corporations.
Economics
From the article:
“If the government were to drag out refund lawsuits until the end of the president’s term, as he recently suggested, taxpayers would owe importers about $25 billion more,” their report reads.
I'm just a simple ~~country lawyer~~ suburban working stiff, but this seems absolutely insane to me. These companies all passed the tariff costs onto us, the customers, yet they're the ones getting the refunds?! That is maximum level bullshit, IMO.
Also, the assumption that The Fanta Menace is actually going to abide by a court ruling for the first time ever is hilarious. I'm pretty sure he announced a 15% global tariff when the decision was announced, and unless I missed it, no one has made him stop.
Here is the fun fact: they get the refunds, and the tax payers pay the interests.
They get us coming and going. 😡
Wonderful system isn’t it? Rich get richer and the poor stay poor. ‘merica!
/s Sigh…
It's almost like tariffs are just a shitter, messier form of consumer tax with almost zero accountability. If only people were discussing this issue before the tariffs were put in place...