US EditionTrump is 'committed' to $2,000 tariff dividend payments, White House says
- On Nov. 12, Karoline Leavitt said `We are currently exploring all legal options to get that done` as the White House updates on $2,000 tariff checks, with Trump determined to make it happen.
- John Ricco, analyst with the Budget Lab at Yale University, estimates tariff revenue at $200 billion to $300 billion annually but a universal $2,000 payout would cost $600 billion, leaving revenue inadequate.
- Lawmakers would need to approve the payments, since advisers say legislation is required; Treasury Department data show $195 billion in customs duties this year, leaving a $100 billion gap if payments target incomes under $100,000.
- Fiscal analysts warn the plan would raise long-term deficits, with the Committee for a Responsible Federal Budget estimating a $6 trillion increase over 10 years and U.S. households facing $1,800 costs in 2025.
- Some conservatives want tariff revenue used to cut the nation's $38 trillion+ debt, while Sen. Josh Hawley's American Worker Rebate Act of 2025 stalled; analysts say the proposal faces steep electoral risks.
56 Articles
56 Articles
Trump insists on sending checks of $2,000 per person, but experts warn that tariff funds are not enough to fund the ambitious plan
Is The Revenue From Tariffs Really Enough To Pay Americans $2,000? Here’s The Math * 100PercentFedUp.com * by Anthony
As WLT Report previously reported, President Trump has announced that he plans to issue a dividend check from the revenue generated from tariffs to the American people. Treasury Secretary Scott Bessent further revealed, the checks will be in the amount of $2,000 and given to households making less then $100,000. However, as it stands right now the revenue generated by tariffs is not enough to cover the estimated $300 billion cost of the dividen…
Is The Revenue From Tariffs Really Enough To Pay Americans $2,000? Here's The Math
As WLT Report previously reported, President Trump has announced that he plans to issue a dividend check from the revenue generated from tariffs to the American people. Treasury Secretary Scott Bessent further revealed, the checks will be in the amount of $2,000 and given to households making less then $100,000. However, as it stands right now the revenue generated by tariffs is not enough to cover the estimated $300 billion cost of the dividen…
(Washington = Yonhap News) Correspondent Kim Dong-hyun = The October employment report, which provides a glimpse into the economic situation, was released in the wake of the 43-day U.S. federal government shutdown, the longest in history...
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