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White House considers tax breaks paid for by funds collected under China tariffs

By Steven Nelson
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White House considers tax breaks paid for by funds collected under China tariffs

The White House is studying an idea to redistribute billions of dollars in federal tariff revenue paid by China through new tax cuts.

The idea, recently floated by Sen. Rick Scott, R-Florida, would seek to offset the impact of an escalating trade war by returning the tariff proceeds to taxpayers.

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China Rick Scott Tariffs Taxes