Bessent "has a feeling that" the American people "won't see" the return of $175 billion collected in tariffs.

[Miles Archer]

During an event at the Economic Club of Dallas on Friday, Ray Washburne noted that the administration had collected about $175 billion in tariffs under the International Emergency Economic Powers Act (IEEPA) before the court ruled it unconstitutional.

"But is that going to be in dispute?" Washburne asked. "Like who gets it back?"

"Yeah, it's in dispute," Bessent confirmed. "The Supreme Court did not rule on that today. They pushed it back down to the International Tax and Trade Court. And my sense is that could be dragged out for weeks, months, years."

"Well, that's going to be a food fight going after the $175 billion," Washburne observed.

"I got a feeling the American people won't see it," Bessent predicted.

https://www.rawstory.com/scott-bessent-tariff-revenue/

[Simeon Salus]

1. Now it's 175 billion?

Didn't Drumpf brag they'd collected trillions?

[mdbl]

2. Bessent has feelings?

That's news to me. I just thought he was a gaslighting asshole.

[Simeon Salus]

3. Shot the chocolate milk out my right nostril!

I hate when that happens. Now off to Best Buy for another keyboard...

[drray23]

4. unfortunately he is correct.

There is no mechanism to track tariff money down to the consumer. They do have one for importers, however. Big companies will sue (some already have) and may get that tariff money back, but it will take years of litigation. They won't (and probably can not easily) pass it down to the consumers who already paid higher prices.

The only way would be for congress to pass a law awarding, say $1700 per household which is the estimated cost of the tariffs.

[lapfog_1]

6. since we paid the money ( for the most part )

I'd be happy with

175,000,000,000 / 342,000,000.

Works out to around $512 per person for every man, woman, child ( citizen, immigrant, other ) in the USA.

oh, and a repeal of the "big beautiful, bill POS".

The economic stimulus would make up for the unfair distribution ( I'm pretty sure I paid waaay more than $500 in 2025 for tariff imposed excess costs... just in the home computer systems I purchased ). But that's fine, I'm sure there are many small businesses that ate it way more than I did.

[Deuxcents]

5. We all have that feeling you piece of 💩