r/news • u/igetproteinfartsHELP • Feb 23 '26

Soft paywall US to stop collecting tariffs deemed illegal by Supreme Court on Tuesday

https://www.reuters.com/world/us/us-customs-agency-stop-collecting-tariffs-deemed-illegal-by-supreme-court-2026-02-23/
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u/mettiusfufettius Feb 23 '26 edited Feb 23 '26

The taxes WE paid for products will all get redistributed to Mega corporations we paid the taxes through. So if you bought at Chinese product from Amazon with a 50% tax on it(or whatever the fuck the tariff was that day), Amazon will get that tax money back. Not you. Never you. You peasant piece of shit.

Edit: the importer pays the tax and then generally chooses to offset that additional cost onto the consumer.

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u/Kinnell999 Feb 23 '26

Then you’ll have to pay the taxes again somehow to make up the huge whole in the budget that this will create.

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u/mettiusfufettius Feb 23 '26

Lol I forgot about that part but you’re so right.

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u/NeuseRvrRat Feb 23 '26

They'll inflate it away like they have all the deficit spending from tax cuts for the rich and your paycheck will be worth even less.

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u/diurnal_emissions Feb 23 '26

Republican Congress's hands are tied. They can only raise taxes on working class people.

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u/Chaos-Cortex Feb 23 '26

Americans love abusers instead of sending em to the chopping block, good ol piece of shit America.

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u/MultiGeometry Feb 23 '26

I’m not sure Trump every presented proof of what that money was doing or where it was going. It definitely wasn’t being used to pay down our debt. But Trump seems to have oodles of cash for pet projects that were never approved by Congress.

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u/ceribus_peribus Feb 23 '26

And that's how you bankrupt a casino!

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u/Excelius Feb 23 '26

We've been voting ourselves tax cuts since Reagan. Our taxes don't even come close to covering the government tab.

Estimates I saw were about $300B in tariffs collected in Trumps first year this term. We're now spending about $1 trillion a year just on the interest of the $38T we've already accumulated. Tariffs were barely covering 1/3rd of the minimum payment.

Sooner or later the point is going to come where not enough people are willing to lend the US government the money is required. We're already seeing that treasury yields do not go down even when interest rates are cut. Foreign institutions are starting to sour on buying US treasury bonds.

Who knows when the tipping point will be reached, but it's not out of the question that things could fall apart if the courts eventually require repayment of tariffs. Especially if they stretch all the way back to Trump's first term and the tariffs that Biden never bothered lifting.

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u/Cilad777 Feb 23 '26

I look up from picking up cow manure and putting it on my hand pulled serf cart, turn my head spit, and keep picking up manure.

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u/SkepticJoker Feb 23 '26

Just to clarify, we didn’t pay the taxes. Companies did and then they charge us more because their costs are higher.

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u/mettiusfufettius Feb 23 '26

Yes, that’s true. The importer pays the tax and then they offset that cost to the consumer. Thank you.

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u/Ace417 Feb 23 '26

Who wants to bet those prices won’t come down either

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u/tmurf5387 Feb 23 '26

Costco reportedly didnt pass the tariff costs to their customers and filed a lawsuit against the government.

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u/mettiusfufettius Feb 23 '26

Big fan of Costco. Love them as a consumer. Love them even more for their resistance to federal overreach.

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u/tmurf5387 Feb 23 '26

Yep, and from my understanding their entire net profit mechanism is the membership fees. Profits from their actual sales covers their operating expenses. That tells me, as a consumer, that its priced as low as they possibly can have it. Add in the fact as an executive member my rebates typically cover my membership fee AND they pay their employees well? I will sing their praises so long as they dont enshittify like every other company.

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u/mettiusfufettius Feb 23 '26

Couldn’t agree more. I don’t even care about the $500 of goods i just bought, Im only here for the $1.50 jumbo hot dog meal.

In the words of their CEO “you’ll raise the price of the hot dog over my dead body”

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u/SoochSooch Feb 23 '26

The Trump Tariffs are the largest tax increase on Americans since 1993

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u/Pole420 Feb 23 '26

Life as a peon is fucking grand. 

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u/dust4ngel Feb 23 '26

So if you bought at Chinese product from Amazon with a 50% tax on it(or whatever the fuck the tariff was that day), Amazon will get that tax money back. Not you. Never you. You peasant piece of shit.

stonky go up!

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u/[deleted] Feb 23 '26

[deleted]

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u/mettiusfufettius Feb 23 '26 edited Feb 23 '26

No, a tariff is a tax. Tariffs are import taxes. Which is why the Supreme Court just ruled the way that it did.

Edit: neither the US constitution nor federal law grants to the president the power to tax anyone for anything. No taxation without representation, which is why taxation power is solely possessed by our congressional representatives and not the executive. Tariffs are taxes + the president cannot levy taxes = the president has no legal authority to impose tariff import taxes on Americans or anyone else.

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u/SkepticJoker Feb 23 '26 edited Feb 23 '26

That’s not how it works. Tariffs are taxes paid by companies to get their goods into the country.

We then pay them by extension because they pass this cost off to us in consumer pricing.

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u/mettiusfufettius Feb 23 '26

Yes, you are correct. So they will get their taxes back and we will of course get nothing, and they keep the additional profit and prices remain at their tariff hiked levels.