American families could see up to $2,400 in rebates from President Donald Trump’s tariffs under a new proposal from Republican Senator Josh Hawley.
Hawley, a Republican from Missouri, proposed legislation on Monday to provide tariff rebate checks to families similar to the stimulus checks the government distributed during the COVID pandemic.
The amount received varies by family but typically includes at least $600 per adult and child, totaling $2,400 for a family of four.
Trump has expressed his support for the idea.
‘We’re thinking about a little rebate,’ he told reporters last week. ‘But the big thing we want to do is pay down debt. But we’re thinking about a rebate.’
Hawley moved forward with his American Worker Rebate Act after Trump’s comments.
‘Like President Trump proposed, my legislation would allow hard-working Americans to benefit from the wealth that Trump’s tariffs are returning to this country,’ he said in a statement.
The proposal comes as the federal government’s coffers have risen with the president’s tariff deals.
President Donald Trump has indicated his support of using tariff gains as rebates
The Treasury Department announced that through July, tariffs brought in about $28 billion.
That’s about $1 billion higher than all of June’s tariff revenue, and brings the total revenue generated by duties for the year to about $150 billion.
Tariffs are a tax imposed by foreign nations, paid by domestic companies that import goods or services.
So far most companies are absorbing the increased costs instead of passing them on to the consumer.
However, prices could still rise.
Republican Senator Josh Hawley of Missouri proposed the rebate program
Hawley’s program, which still needs to be passed by Congress, would be set up as a refundable tax credit, with the government sending checks this year should it become law.
And there is flexibility in the proposal depending on a person’s income levels.
For example, the bill would reduce the rebate by 5% for joint filers who have adjusted gross income in excess of $150,000, a head of household whose income exceeds $112,500 and an individual taxpayer whose income exceeds $75,000.
Meanwhile, President Trump said that he will not extend Friday’s deadline for his ‘reciprocal’ tariffs on dozens of countries to restart.
‘The August first deadline is the August first deadline,’ he wrote on Truth Social Wednesday morning. ‘It stands strong and will not be extended.’
He followed that up with a post announcing his administration will impose a 25% tariff on goods from India, plus a ‘penalty’ for buying military gear and energy from Russia.
Trump has previously said he would not extend his deadline on reciprocal tariffs and then going on to extend it.
In early April, Trump announced a 10% blanket tariff rate, along with higher individualized rates of up to 50% for dozens of countries.
In the ensuing stock market panic, he paused them for 90 days, which would have seen them restart on July 9.
Then he initiated another pause until August 1.
Trump has been signing deals with countries in the runup to Friday’s deadline.
In Scotland this past weekend he came to a trade agreement with the European Union. It gives the EU a 15% tariff across the board.
The president called it ‘the biggest deal ever made.’
Without the deal, Trump had threatened the EU’s 27 member countries with a 30% tariff rate.
