The American Consumer Tariff Rebate Act of 2026 aims to provide financial relief to taxpayers who have faced increased costs due to tariffs imposed without congressional approval. The main objective is to reimburse consumers for these additional expenses, which are estimated to total around $231 billion. The key provisions of this act include direct payments to eligible taxpayers based on their income and filing status. Taxpayers with an adjusted gross income of over $400,000 will not receive any payments. The total amount allocated for these payments is capped at $231 billion.