Overview

• The American Worker Rebate Act, introduced Monday by Sen. Josh Hawley, proposes refundable tax credits to deliver at least $600 per adult and dependent child this year.
• The bill phases out payments by reducing rebates 5% for joint filers over $150,000 AGI, heads of households over $112,500 and single filers over $75,000.
• Treasury data confirm customs duties have surpassed $100 billion for the fiscal year, on track to exceed $150 billion in 2025.
• Independent forecasts predict tariffs will generate $2.5 trillion over the next decade but impose an average $1,300 annual cost on households through higher prices.
• Analysts warn that rebate payouts could intensify inflation and Speaker Mike Johnson’s past rejection of direct checks casts doubt on the legislation’s prospects.