WASHINGTON, Aug. 7 -- Sen. Rand Paul issued the following press release:
U.S. Senator Rand Paul (R-KY) today offered an amendment to the Lindsey O. Graham Sanctioning Russia Act of 2026, that strikes the Executive Branch's authority to impose tariffs of up to 100 percent on an ever-changing list of countries. That authority would raise nearly $500 billion in new revenue effectively the largest tax increase imposed by a Republican Congress.
The amendment keeps the bill's broad sanctions authorities and the 500 percent tariffs on goods from Russia itself. It removes only the unconstitutional power to levy massive tariffs on American imports.
Tariffs are taxes on imported goods paid by American families, retailers, and manufacturers. They ...