Let's talk about the Tariff Refund Act trying to get your money back....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 3 March 2026
⏱️ 4 minutes
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Summary
Let's talk about the Tariff Refund Act trying to get your money back....
Transcript
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| 0:00.0 | Well, howdy there, internet people, it's bell again. So today, we're going to talk about the |
| 0:09.1 | Tariff Refund Act trying to get your money back. A tariff is a tax. A tariff's whole job is to raise |
| 0:18.0 | prices in the country imposing it. Despite years of Trump's claims to the |
| 0:23.3 | contrary, you end up paying for the tariffs. As inflation creeps up, wholesale inflation is up to |
| 0:31.5 | 2.9 percent, and Trump wants to reimpose an entirely different tariff scheme that is also likely to be shot down. |
| 0:40.4 | The Democratic Party is trying to get your money back in your pocket. |
| 0:45.7 | 26 Senate Democrats announced the Tariff Refund Act. |
| 0:50.7 | Senator Markey said, quote, |
| 0:53.8 | Trump's illegal tariff taxes cost small businesses, consumers and families, up to $175 billion. |
| 1:02.9 | That money must be repaid immediately. |
| 1:06.3 | For small businesses with little to no resources. This refund process can be extremely difficult |
| 1:12.4 | and time consuming. That is why I am proud to introduce the Tariff Refund Act, with Senators |
| 1:19.6 | Wyden and Shaheen. Our bill would require the tariffs to be refunded and level the playing |
| 1:26.1 | field, putting small importers and small |
| 1:29.3 | businesses first in the refund process, and eliminating needless administrative barriers. |
| 1:36.1 | It's Main Street and working families that paid Trump's tariff taxes, and we must ensure |
| 1:42.3 | they get their money back, not big corporations. |
| 1:47.4 | The Act would require the government to repay the tariffs collected under IEPA, with |
| 1:54.6 | interest within 180 days from the date of enactment. |
| 1:59.6 | Governor Kathy Hokel sent a letter to former soybean man and current U.S. Treasury Secretary Scott Besant, saying, quote, |
| 2:09.7 | On behalf of over 20 million New Yorkers, I demand the Trump administration refund approximately $1,751 for every New York household, |
| 2:22.0 | for a total refund of approximately $13.5 billion to New Yorkers. |
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