The President abused his power to make a complete mess of our trade systems, and regular people and small businesses paid the price, and I think the money collected from these illegal tariffs should go back into their pockets.
Refund money collected from President Trump's illegal tariffs to the regular people and small businesses who paid them.
Occurrences
Evidence
In the lookback window, the report says Treasury was sending large tariff-refund payments to companies, including $6.5 million to Basic Fun, about 95% of its claim. It also reports CBP said on June 9 that it had paid $23 billion and planned to transmit $40 billion by the end of June, out of $166 billion owed to about 330,000 eligible companies.
AP reports that businesses big and small had started receiving refunds after the Supreme Court ruling. CBP had accepted $85 billion in refund applications by May 22 and directed Treasury to issue $20.6 billion, while the administration planned to appeal a ruling that all importers of record were entitled to refunds.
The Supreme Court held that IEEPA does not authorize the President to impose tariffs, affirmed the V.O.S. Selections judgment, and described the challengers as small businesses and states contesting reciprocal and drug-trafficking tariffs.
AP reports CBP was handling refund claims in phases and focusing first on payments that were not finalized before the Supreme Court decision. It also says more than 1,000 companies had filed lawsuits to recoup tariff costs, and some smaller companies had received only partial repayments so far.
The report says Senate Democrats introduced the Tariff Refund Act of 2026 to require CBP to refund affected importers, prioritizing small business concerns, after the Supreme Court ruling. It says the bill was led by Sens. Ron Wyden, Ed Markey, and Jeanne Shaheen with 19 other Senate Democrats.
Assessments
The promised outcome was only partly achieved. A 2026 Supreme Court ruling invalidated the tariff authority and refunds to importers, including some small businesses, were underway during Smith's current Senate term. However, the evidence shows refunds were phased and incomplete, with tens of billions paid against a much larger amount owed, continuing appeals and litigation, and no clear direct refund mechanism for regular consumers who bore tariff costs indirectly. The aligned Tariff Refund Act also was not shown to be enacted or to have Tina Smith as a named lead or sponsor, so full candidate-credit delivery is not established.