this post was submitted on 15 Nov 2025
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United States | News & Politics

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US may owe $1 trillion in refunds if SCOTUS cancels Trump tariffs (arstechnica.com)
submitted 4 days ago by cm0002@libretechni.ca to c/usa@midwest.social
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[–] MrFappy@lemmy.world 8 points 3 days ago (2 children)

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 7 points 3 days ago* (last edited 3 days ago) (1 children)
[–] MrFappy@lemmy.world 3 points 3 days 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 4 points 3 days ago

Great, that pisses me off even more.