New Hook, Same Duty, Part II
Open full sizeDebits & Credits, November 7, 2026. Laughs are nonrefundable.
Transcript. Panel 1, a smiling client holds an invoice and a folder. Client: “Supreme Court killed the IEEPA tariffs. Refunds are coming. We’re clear?” Panel 2, Debit points to a chart of applicable authorities: IEEPA struck down, Section 122 expired, Section 301 forced labor at 10–12.5%, Section 232 stacking, Section 338. Debit: “Same rate. Different statute. Effective July 24.” Panel 3, Debit with his “It depends.” mug. Debit: “New Congress in January. Temporary provisions have a way of becoming permanent.”
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This alert is for general information only and is not tax, legal, investment, or accounting advice. Consult your own advisers before acting. Carlos A. Schmidt, MBT, MBA, CPA · carlos@lapresallc.com · (917) 558-6393.