Trump's 2026 Tax Refund Controversy

Economist Kevin Hassett predicts Americans will see unprecedented tax refunds, potentially reaching $20,000, by 2026 due to policies initiated under former President Trump. This forecast includes significant refunds from tariffs imposed during Trump's tenure, although legal complexities surrounding these tariffs could hinder refunds if challenged in the Supreme Court. Wall Street investors are capitalizing on this uncertainty by purchasing rights to these potential refunds at discounted rates. Meanwhile, Trump continues to defend his economic policies, including tariffs, amid ongoing scrutiny and fact-checking of his claims. The situation underscores contentious debates over the economic impact of Trump's presidency.