Lemmy
  • Communities
  • Create Post
  • Create Community
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
cm0002@libretechni.ca to United States | News & Politics@midwest.socialEnglish · 1 day ago

US may owe $1 trillion in refunds if SCOTUS cancels Trump tariffs

arstechnica.com

external-link
message-square
7
fedilink
28
external-link

US may owe $1 trillion in refunds if SCOTUS cancels Trump tariffs

arstechnica.com

cm0002@libretechni.ca to United States | News & Politics@midwest.socialEnglish · 1 day ago
message-square
7
fedilink
Tech industry primed for big refunds if SCOTUS rules against Trump tariffs.
  • MrFappy@lemmy.world
    link
    fedilink
    arrow-up
    8
    ·
    1 day ago

    No, it’s the firms that bought the tariff debt who are getting the refunds. These business owners sold off the obligation for pennies on the dollar to a firm which is run by one of the richest men in the country (his dad ran it before he did, I just can’t remember names) and that business will get the trillions in refunds if this occurs. This was all a gigantic grift happening right before our very eyes.

    • dhork@lemmy.world
      link
      fedilink
      English
      arrow-up
      6
      ·
      edit-2
      1 day ago

      Holy shit, this is actually a thing

      https://talkingpointsmemo.com/edblog/lutnick-family-angling-to-make-astronomical-sums-off-court-nixing-tariffs

      (Billions, not trillions, though)

      • MrFappy@lemmy.world
        link
        fedilink
        arrow-up
        3
        ·
        1 day ago

        Thank you for looking it up, I can only do so much from the bathroom at work in the limited time I have each pee break lol

    • KoboldCoterie@pawb.social
      link
      fedilink
      English
      arrow-up
      4
      ·
      1 day ago

      Great, that pisses me off even more.

United States | News & Politics@midwest.social

usa@midwest.social

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]

Welcome to [email protected], where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

No memes/pics of text

Post news related to the United States.

Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 340 users / day
  • 2.31K users / week
  • 5.2K users / month
  • 13.8K users / 6 months
  • 1 local subscriber
  • 3.48K subscribers
  • 9.58K Posts
  • 45.8K Comments
  • Modlog
  • mods:
  • simsym@midwest.social
  • Type 1 [Missouri]@midwest.social
  • exposingfash@midwest.social
  • BE: 0.19.9
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org