Trump Considering $2,000 Tariff ‘Dividend’ For Americans
President Trump said Thursday that he is still considering whether to hand out rebate checks of as much as $2,000 to Americans, using the revenue generated from his tariff policies.
The idea of redistributing a portion of the massive sums collected since he began imposing heavy tariffs on foreign countries in April comes just weeks before the Supreme Court will hear a case that could determine whether the president is legally permitted to impose such wide-reaching tariffs.
“They’re just starting to kick in,” Trump told One America News Network about the tariffs, “but ultimately, your tariffs are going to be over a trillion dollars a year.”
So what would happen with the funds?
“Number one, we’re paying down debt,” Trump said, “because people have allowed the debt to go crazy.”
He went on to claim that the current $37 trillion national debt is actually “very little, relatively speaking” given the unprecedented revenue flowing in from tariff collections.
“With that being said, we’ll pay back debt, but we also might make a distribution to the people,” Trump added.
Trump has previously floated the idea, calling it “a dividend to the people of America.”
“We’re thinking maybe $1,000 to $2,000 — it would be great,” he said of the possible payments.
Any such rebate would require approval from Congress before Americans could receive checks.
Government figures show that tariff revenues so far this year have reached around $214.9 billion, according to Fox Business, which cited Treasury Department data.
In September, $31.3 billion in tariffs were collected — slightly less than the record set in August by $73 million.
Treasury Secretary Scott Bessent has repeatedly projected that the United States will collect no less than $300 billion from tariffs before the year concludes.
A ruling by the U.S. Court of Appeals for the Federal Circuit in August determined that most of Trump’s tariffs were not justified under existing emergency powers laws. That decision followed two other lower court rulings that also concluded most of the tariffs imposed on trade partners were unlawful.
Even so, the appeals court allowed Trump’s tariffs to remain while the administration takes its appeal to the Supreme Court.
The high court is scheduled to begin hearing oral arguments on the case in the first week of November.
In a filing, Bessent cautioned that if the justices strike down the tariffs as illegal, the government could be forced to repay anywhere from $750 billion to $1 trillion in tariff revenue, both collected and anticipated.
{Matzav.com}