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Rep. Burchett Introduces Trump Tariff Rebate Act to Lower Taxes
Rep.
Congressman Tim Burchett introduced the Trump Tariff Rebate Act (TTRA), which aims to reduce tax burdens for Americans by increasing the standard deduction. The legislation would raise the standard deduction by $4,000 for joint filers and surviving spouses, $3,000 for heads of household, and $2,000 for other taxpaying Americans. By doing so, taxpayers would be placed in lower tax brackets, resulting in lower annual tax obligations. The bill is supported by tariff revenue collected during President Trump’s administration. Rep.