President Trump: Give Back the Money and Stop Grabbing More
President Donald Trump, you took funds from the American people that were never yours to take. Give them back, and end the abuse of power.
Friday, the Supreme Court confirmed what many of us argued from the beginning: Your sweeping tariffs were an unlawful overreach of executive power. The Constitution gives Congress, not the president, the authority to set tariffs. Yet you invoked emergency powers you do not have, in response to a supposed national emergency that does not exist. This was a power grab, and the court said so.
President Trump, your tariff regime was illegal, unfair, and detrimental to the American people. You also grossly misrepresented the facts to the American people by claiming that foreign countries were paying. They were not. American families paid.
Over the past year, roughly $140 billion in tariff revenue was collected at US ports. Economists at the Federal Reserve Bank of New York, the Kiel Institute, and other independent research institutions reached the same conclusion, that the burden of the tariffs fell overwhelmingly on American importers, businesses, and consumers. Foreign exporters barely reduced their prices, so the tariffs were passed on to Americans and have shown up as higher prices for consumers and businesses.
President Trump, you asked Americans to believe that you stood with working people. Instead, you imposed illegal taxes on them and gave large tax cuts to the richest Americans.
During the past year, on average, American households paid roughly $1,000 or more. For families living paycheck to paycheck, that is not abstract. That is rent stretched to the breaking point. That is groceries rising in price while wages fail to keep up. The working-class Americans who believed your promises were the ones who bore the cost of this power grab.
Each claim you made in favor of the tariffs was unsound and proven to be so. You said that the tariffs would slash the trade deficit. This was wrong because the US trade deficits reflect the low US saving rate, and especially the large US budget deficits. In fact, the US goods deficit in 2025 was $1.241 trillion, worse than the 2024 deficit of $1.215 trillion. You said that you would restore manufacturing jobs. Yet employment in manufacturing in January 2026 was 12.590 million, compared with 12.673 million in January 2025, a decline of 83,000 jobs year over year.
At the same time, you championed and extended tax cuts that disproportionately benefited the wealthiest households and large corporations. Independent studies have repeatedly shown that the largest permanent gains from those tax cuts flowed to the top of the income ladder. Your administration’s approach has effectively given tax relief for the rich, covered in part by regressive tariffs hitting the working class and poor. And much of your tax cuts are paid for by red ink, debts pushed into the future, that will be borne by today’s young people in later years.
Working families have paid more at the checkout counter. Wealthy households have received large tax cuts. And young Americans have been burdened with more debts.
And now comes insult added to injury. Following the Supreme Court’s ruling, Treasury Secretary Scott Bessent made clear the administration’s position. Speaking at the Economic Club of Dallas, he........
