Sen. Josh Hawley, R-Mo., introduced a bill to give Americans a one-time $600 tax rebate. Hawley said the rebates would be funded with “record” monthly tariff revenue the United States has brought in since April, when President Donald Trump imposed tariffs on every nation.
“Americans deserve a tax rebate after four years of Biden policies that have devastated families’ savings and livelihoods,” Sen. Hawley said in a statement. “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.”
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How much is Hawley proposing?
Hawley’s proposal would provide $600 for each adult and dependent child in a household. So a family of four would receive $2,400.
The rebate amount could be increased if tariff revenue exceeds expectations. The U.S. collected $27 billion in revenue from tariffs in June and $28 billion in July. According to the Tax Foundation, the tariffs could bring in $171 billion this year.
President Trump expressed support for rebates funded with tariff revenue earlier this month.
“We have so much money coming in. We’re thinking about a little rebate, but the big thing we want to do is pay down debt,” President Trump told reporters. “A little rebate for people of a certain income level might be very nice.”
Hawley’s bill has an income cap of $75,000 per year for individuals and $150,000 for couples. Taxpayers above the cap could still receive a lower amount on a sliding scale.
The rebate checks would be implemented and sent out with similar parameters to the payments approved by Congress during the COVID-19 pandemic.
