Try GOLD - Free
Waiting for your tariff refund check? Dream on
Los Angeles Times
|February 26, 2026
Treasury Secretary Scott Bessent, who has a way of saying the quiet parts out loud in defending President Trump's economic policies, told the truth again Friday, during a public appearance a few hours after the Supreme Court threw out most of Trump’s tariffs.
THE SUPREME COURT ruled that President Trump's sweeping emergency tariffs were illegal. Above, a container ship is unloaded at the Port of Los Angeles.
(ALLEN J. SCHABEN Los Angeles Times)
Asked about the prospects that Americans would be receiving refunds of the illegal tariffs paid since Trump imposed them in April, Bessent replied with a condescending smirk: “I get a feeling the American people won't see it.”
A couple of things about that. One is that there doesn’t seem to be any legal question that those who paid the tariffs are entitled to refunds. In his 6-3 ruling invalidating levies imposed on imports under the International Emergency Economic Powers Act of 1977, or IEEPA, Chief Justice John G. Roberts Jr. made clear that those tariffs were unconstitutional and illegal from their inception.
Therefore, there’s no excuse for the government to hold on to the money it has collected — estimated at somewhere between $135 billion and $170 billion. But Roberts didn’t state whether refunds are warranted or, if so, how they should be calculated and distributed.
Trump has dangled the prospect of tariff refunds — actually, tariff “dividend” checks of $2,000 — in front of taxpayers for months. In effect, that would mean returning to taxpayers the money that his tariffs have cost them. Bessent’s comments put paid to that promise.
Today, no one is arguing seriously that checks should be cut for taxpayers — except Illinois Gov. J.B. Pritzker, who demanded refund checks totaling $8.7 billion for his constituents. But that has the aroma of a campaign stunt for Pritzker, who is running for a third term and maybe positioning himself for a presidential run.
This story is from the February 26, 2026 edition of Los Angeles Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Los Angeles Times
Los Angeles Times
Homeless services agency to lay off 284 employees
The Los Angeles Homeless Services Authority said this week that it plans to lay off 284 employees, primarily citing a decision by the county to pull funds and set up its own homeless services department.
1 mins
April 24, 2026
Los Angeles Times
Ducks top Oilers, earn the road split
Cutter Gauthier broke a tie off a rebound with 4:52 left and the Ducks beat host Edmonton 6-4 on Wednesday night in Game 2 to even the first-round series, with Oilers star Connor McDavid escaping a leg injury.
2 mins
April 24, 2026
Los Angeles Times
Riverside County lawman gets $2.25 million in retaliation case
He was pressured into early retirement after reporting workplace harassment, suit said.
3 mins
April 24, 2026
Los Angeles Times
World’s first AI art museum is set to open
Dataland will bring machine-generated ‘digital sculptures’ to downtown L.A.
3 mins
April 24, 2026
Los Angeles Times
26 Mexican Mafia members arrested in O.C. crackdown
In a sweeping crackdown targeting the Mexican Mafia, federal and local authorities on Thursday arrested 26 associates of the gang, charging them with numerous crimes in Orange County, including kidnapping, extortion, trafficking drugs, running illegal gambling businesses and murder.
2 mins
April 24, 2026
Los Angeles Times
Israel is accused of targeted killing of reporter
Journalists, Lebanese president say attack fits a pattern, which the military denies.
4 mins
April 24, 2026
Los Angeles Times
One swing erases Ohtani’s solid effort
Bailey’s unlikely three-run home run off Dreyer lifts Giants past Dodgers after two-way star dominates.
4 mins
April 24, 2026
Los Angeles Times
Conductor-composer got his start in L.A.
MICHAEL TILSON THOMAS, 1944 - 2026
7 mins
April 24, 2026
Los Angeles Times
Actions speak much louder than words
[‘Fuze, from Et] although his wheelchair-bound father flusters, “Nobody ever tells me what's going on.”
3 mins
April 24, 2026
Los Angeles Times
U.S. still sending weapons to Ukraine, Zelensky says
U.S. weapons deliveries to Ukraine haven't stopped despite the Iran war, and Ukrainian long-range strikes continue to hammer Russian oil production and manufacturing plants, Ukrainian President Volodymyr Zelensky said Thursday.
3 mins
April 24, 2026
Listen
Translate
Change font size

