Findings

Congress finds the following: (1) Article I, Section 8 of the Constitution vests exclusively in Congress the authority to lay and collect duties and tariffs. (2) Duties imposed pursuant to Presidential action under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) without express congressional authorization resulted in increased consumer prices nationwide. (3) The Congressional Budget Office and the Joint Economic Committee have estimated that total consumer costs attributable to such tariffs are approximately $231,350,000,000. (4) Congress has a responsibility to provide direct restitution to taxpayers for these unlawful cost increases, and to prioritize working families by excluding very high-income taxpayers and using the resulting savings to increase refunds for taxpayers raising children.