All posts tagged: TJX Companies Inc

Martin Heinrich bill would give tax rebate for tariffs

Martin Heinrich bill would give tax rebate for tariffs

Sen. Martin Heinrich (D-NM), ranking member of the Senate Appropriations Committee’s Legislative Branch subcommittee, delivers opening remarks during a hearing in the Dirksen Senate Office Building on Capitol Hill on April 29, 2025 in Washington, DC. Chip Somodevilla | Getty Images Sen. Martin Heinrich, D-N.M., introduced a bill Thursday to create a new tax rebate for individuals and families hit by the cost of President Donald Trump’s now-defunct “reciprocal tariffs.” The bill, dubbed the “Tariff Refunds for Working Families Act” and shared exclusively with CNBC, is part of the escalating effort by Democrats to capitalize on Trump’s tariff agenda ahead of the 2026 midterm elections. Polls indicate the levies have become increasingly unpopular, with economically anxious voters expressing concern about affordability as Democrats vie to rip control of Congress away from Republicans. “The President may call the affordability crisis a ‘hoax,’ but working people feel it every time they pay for groceries or everyday essentials,” Heinrich said in a statement. “This bill will return the money lost to Trump’s tariffs back to the people who …

Congressional Democrats seek to force refunds

Congressional Democrats seek to force refunds

U.S. Sen. Ron Wyden (D-Ore.) speaks at a press conference following the Democratic weekly policy lunch on Capitol Hill in Washington, D.C., Dec.9, 2025. Annabelle Gordon | Reuters A group of Senate Democrats released legislation on Monday that would mandate refunds of tariffs paid under President Donald Trump’s higher duties that the Supreme Court struck down on Friday. The legislation, led by Sen. Ron Wyden of Oregon, Jeanne Shaheen of New Hampshire and Ed Markey of Massachusetts, follows the Supreme Court’s momentous 6-3 decision on Friday ruling against a majority of Trump’s tariffs. “Trump’s illegal tax scheme has already done lasting damage to American families, small businesses and manufacturers who have been hammered by wave after wave of new Trump tariffs,” Wyden, the top Democrat on the Senate Finance Committee, said in a statement. “Senate Democrats will continue fighting to rein in Donald Trump’s price-hiking trade and economic policies. A crucial first step is helping people who need it most, by putting money back in the pockets of small businesses and manufacturers as soon as …