US Edition‘Maybe We Could Persuade Americans to Save that,’ Scott Bessent Says on $2,000 Trump Checks to Curb Potential Inflation
Larry Kudlow argues the $2,000 tariff rebate checks could worsen deficits despite President Trump citing $200 billion collected from tariffs on imports.
- On Tuesday, Fox Business host Larry Kudlow criticized President Donald Trump's proposal to send $2,000 checks ahead of next year's midterm elections, calling it `a little hokey`.
- Officials point to tariff receipts as the funding source, with Trump citing Two hundred billion dollars collected as of this past year and a Treasury Department figure of $195 billion for fiscal year 2025.
- Cost estimates and inflation data complicate feasibility as the Tax Foundation values the checks at roughly $300 billion, while economists warn spending could raise prices with inflation at 3 percent.
- Bessent suggested urging Americans to save the $2,000 dividend, with payments possibly arriving by mid-2025, according to Trump's timeline.
- Prominent doubts about sufficiency of tariff receipts remain as tariff revenue scrutiny challenges the proposal's feasibility, while its timing ahead of next year's midterm elections raises political stakes for the White House and Congress.
12 Articles
12 Articles
When Trump’s $2,000 tariff checks could arrive
President Trump’s $2,000 tariff dividend check – if it becomes reality – won’t arrive until next year. This week, President Trump provided more information on the proposed dividend payments. “We’re going to be issuing dividends later on, somewhere prior to,…
‘Maybe we could persuade Americans to save that,’ Scott Bessent says on $2,000 Trump checks to curb potential inflation
The Trump administration is considering $2,000 “tariff dividend” checks for Americans, with Treasury Secretary Scott Bessent suggesting recipients might be encouraged to save rather than spend to avoid inflation.
Analysis by Matt Egan, CNN: President Donald Trump promised to hand out $2,000 tariff refund checks next year, raising hopes of a lifeline for millions of Americans struggling to make ends meet. “We’ve collected hundreds of billions of dollars in tariffs. We’re going to be distributing dividends… probably sometime in the middle of next year, or a little later, of thousands of dollars to middle- and moderate-income people,” Trump said Monday. Whi…
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