The payouts could be even larger if tariff revenue exceeds projections. The benefit would be reduced by 5% for joint tax filers with an adjusted gross income above $150,000 or single filers earning more than $75,000.

Why do we need rebates if foreign nations are paying the tariffs?” asked one Republican of a proposal in Congress to send Americans tariff rebate checks.

President Donald Trump said he’s considering paying rebates to U.S. taxpayers with revenue generated from billions of dollars coming from tariffs on imports from foreign countries.