DNYUZ
No Result
View All Result
DNYUZ
No Result
View All Result
DNYUZ
Home News

Scott Bessent given official demand to fork over rebates after Supreme Court’s smackdown

February 27, 2026
in News
Scott Bessent given official demand to fork over rebates after Supreme Court’s smackdown

Senate Democrats served the Trump administration notice that refunds should start flowing to U.S. companies who paid for the president’s tariffs.

Senate Minority Leader Chuck Schumer (D-NY) and other top Democrats, including Sen. Ron Wyden (D-OR), sent a letter to Treasury Secretary Scott Bessent demanding tariff refunds begin immediately following Supreme Court’s bombshell ruling that struck down President Donald Trump’s tariff regime, reported Punchbowl News.

The court ruled 6-3 last week that Trump lacked the authority to invoke the International Emergency Economic Powers Act (IEEPA) to impose tariffs, and while Trump quickly pivoted to alternative legal authorities to continue his trade war, the question of whether businesses will receive refunds for illegally collected tariff revenue remains unresolved.

Democrats called Bessent’s public statements and the administration’s delay on refunds “unacceptable.” Bessent has deflected responsibility, claiming lower courts will decide whether revenue must be returned — a position Democrats are targeting as evasive.

The tariff refund has become a centerpiece of Democratic strategy heading into midterms. Democrats have argued for months that Trump’s trade wars directly fuel inflation and rising costs for consumers, but the Supreme Court ruling provided them a powerful political cudgel to attack Republican economic management.

However, Democrats face structural limitations as a minority party. Senate Democrats lack the votes to pass standalone legislation mandating refunds, though they’ve pledged to block any congressional approval needed to extend Trump’s new tariffs beyond 150 days under the Trade Act of 1974.

House Democrats have more aggressive tools available, including discharge petitions to force floor votes on legislation mandating refunds and ending Trump’s new global tariffs. Several bills have already been introduced pursuing both objectives.

A handful of Republicans in both chambers have shown willingness to break ranks on tariffs, suggesting potential bipartisan pressure exists. Yet without significant GOP defections, Democrats’ ability to compel refunds legislatively remains minimal.

The battle will likely shift to courts, public pressure, and campaign messaging as 2026 midterms approach.

The post Scott Bessent given official demand to fork over rebates after Supreme Court’s smackdown appeared first on Raw Story.

New Music Friday: 5 Songs You Need to Hear This Week (2/27)
News

New Music Friday: 5 Songs You Need to Hear This Week (2/27)

by VICE
February 27, 2026

We’re closing out February 2026 with a New Music Friday chock full of intensity. Track-for-track, this list is particularly loud, ...

Read more
News

I spent 2 weeks backpacking in Europe. Next time, I’ll bring a carry-on suitcase.

February 27, 2026
News

Pentagon Fires Another Laser at a Drone, Prompting a New Air Closure

February 27, 2026
News

Massive trove of FBI ‘Epstein investigation’ data compromised in ‘cyber intrusion’: report

February 27, 2026
News

71 and a First-Time Novelist: ‘I Was Tenacious and I Kept Coming Back’

February 27, 2026
Sean Hannity Shares Key Late-Night Habit With Trump

Sean Hannity Shares Key Late-Night Habit With Trump

February 27, 2026
Moms’ group says they had to ‘step in’ to help search for Nancy Guthrie

Moms’ group says they had to ‘step in’ to help search for Nancy Guthrie

February 27, 2026
How an Unlikely Duo Brought the Epstein Files to Light

How an Unlikely Duo Brought the Epstein Files to Light

February 27, 2026

DNYUZ © 2026

No Result
View All Result

DNYUZ © 2026