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Could Tariff Revenue Become Rebate Checks for Americans?

President Donald Trump suggested the possibility of distributing rebate checks to Americans using the revenue generated from tariffs by mid-2025.
This proposal follows a surge in tariff collections, including about $27 billion in June and over $150 billion total since Trump took office, with new import taxes set for August 7.
Senator Josh Hawley proposed legislation in 2025 that would distribute rebates of at least $600 to each adult and dependent, with payments gradually reduced for individuals earning above certain thresholds, and additional rebates possible if tariff revenues surpass expectations.
Experts estimate the tariffs could cost households $2,400 annually by 2025 through higher prices, while critics warn rebate checks risk fiscal irresponsibility and increased inflation.
The rebate plan, modeled on pandemic stimulus checks, suggests returning tariff wealth to taxpayers, but Federal Reserve Chair Jerome Powell notes the tariffs' inflation impact remains uncertain.

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