A Talking Points Memo report details how the billionaire Lutnick family (Cantor Fitzgerald) is positioned to make astronomical sums if courts erase certain tariffs. The scandal isn’t that tariffs might fall; it’s that insiders are trying to game the judicial process to cash in while everyone else pays the price. Tariffs are not “imperfect”—they are economy-destroying: a hidden tax on every family, a cost multiplier for small businesses and manufacturers, and a spark for inflation and retaliation that guts American competitiveness.
This is the rigged system in action. Politically connected financiers front-run legal outcomes while communities shoulder higher prices, canceled orders, and lost export markets. Whether tariffs stand or fall should be decided transparently by elected lawmakers, not converted into a private jackpot through court-driven arbitrage.
Congress must act now:
• Expose and block insider profiteering tied to pending trade litigation—through emergency hearings, compelled disclosures, and strict conflict-of-interest rules.
• Bar Members, staff, and regulated entities from trading instruments designed to monetize specific court outcomes; expand anti-self-dealing rules to cover litigation-linked bets.
• Repeal broad, blunt-force tariffs that function as nationwide price hikes. Replace them with targeted, due-process tools (e.g., case-specific antidumping/countervailing duty actions) that punish cheaters without taxing every importer, maker, and consumer.
• Add automatic “consumer cost scores,” small-business impact tests, and sunset clauses to any trade action so hidden taxes can’t linger for years.
• Prohibit coordination between litigants and financial vehicles aimed at extracting windfalls from trade policy shifts.
Americans are done paying inflated prices so that a handful of Wall Street players can engineer windfalls. End the court-gaming. Dismantle the tariff machine that is bleeding our economy. Put transparent, targeted, pro-competition trade policy—and the public interest—back in charge.
First sent on September 7 by Coleman · 4,483 signers in
the past 7 days
