US EditionGOP Senators Worry Trump’s $2K Tariff Rebates Will Add Too Much to Debt
Senate GOP leaders question the $600 billion cost of Trump’s tariff rebate plan amid concerns over the nearly $40 trillion national debt, preferring debt repayment instead.
- On Wednesday, President Donald Trump proposed $2,000 tariff-rebate checks funded by tariff revenue for American adults below a specified income threshold.
- After early-November election results, President Donald Trump revived the tariff-payment idea following affordability concerns, while Senate Republicans spoke to The Hill on Wednesday expressing growing skepticism.
- With Treasury receipts at around $136 billion, the Committee for a Responsible Federal Budget estimates the checks would cost roughly $600 billion, far exceeding tariff collections.
- Senate Republicans signaled preference for using tariff revenue to repay debt rather than issuing rebates, with John Thune and James Lankford citing the nearly $40 trillion national debt.
9 Articles
9 Articles
GOP senators worry Trump’s $2K tariff rebates will add too much to debt
Senate Republicans are wrestling over what to do about President Donald Trump’s proposal to give $2,000 tariff dividend checks to most Americans amid widespread Republican concern over the soaring national debt.
Senate Republicans dump cold water on latest Trump ploy
President Donald Trump wants to send Americans $2,000 checks as a “tariff rebate.” Senate Republicans, however, are far from convinced.Speaking to The Hill on Wednesday, various top Republicans in the Senate added to the growing skepticism surrounding Trump’s new tariff check proposal. As is commonly the case with matters involving federal spending, the senators’ concerns largely revolved around the national debt, which hit $38 trillion in Octob…
Senate Republicans dump cold water on latest Trump ploy
President Donald Trump wants to send Americans $2,000 checks as a “tariff rebate.” Senate Republicans, however, are far from convinced.Speaking to The Hill on Wednesday, various top Republicans in the Senate added to the growing skepticism surrounding Trump’s new tariff check proposal. As is commonl...
GOP senators worry Trump’s $2K tariff rebates will add too much to debt
Senate Republicans are wrestling over what to do about President Donald Trump’s proposal to give $2,000 tariff dividend checks to most Americans amid widespread Republican concern over the soaring …
GOP senators worry Trump’s $2K tariff rebates will add too much to debt
Senate Republicans are wrestling over what to do about President Donald Trump’s proposal to give $2,000 tariff dividend checks to most Americans amid widespread Republican concern over the soaring national debt.
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