Many observers think President Trump's tariffs on Chinese goods will slow the economy and harm his reelection chances. But if Sen. Tom Cotton (R-Ark.) has his way, those observers would be dead wrong.
Cotton's idea, contained in a bill he introduced Thursday, is simple: Give the tariff money back to the taxpayers. The Tariff Rebate Act would segregate the revenue from the tariffs Trump imposed pursuant to his authority under selected sections of federal law. It would then require that money to be divided equally among every adult American who files a tax return and does not earn enough money to be in the top four tax brackets. Every American filing alone who has taxable income of less than $84,200 and every married couple filing jointly making less than $168,400 gets a check.
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