WASHINGTON, Feb. 24 -- Sen. Angus King issued the following press release:
U.S. Senator Angus King (I-ME) is cosponsoring legislation that would return tariff revenue to the pockets of small businesses and encourage large corporations to pass on those refunds to their consumers, after months of bipartisan opposition pointing out that tariffs amount to additional taxes on Americans (https://thehill.com/homenews/house/5226545-gop-rep-says-tariff-is-a-tax-no-question/). The Tariff Refund Act of 2026 would require full refunds of the Trump Administration's tariffs after they were struck down by the U.S. Supreme Court in a 6-3 ruling last week (https://www.pbs.org/newshour/politics/what-to-know-about-the-supreme-court-ruling-on-trumps-tariffs),...