Donald Trump has proposed giving Americans a “dividend” of at least $2,000 each, funded by money collected from tariffs. This still need Congress’ approval before becoming real.
(Credit: CNN)
Trump $2,000 tariff dividend: Trump has suggested that the country could give every American a “dividend” payment of at least $2,000, funded by the huge amount of cash collected from tariffs on foreign trading partners.
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Donald Trump said that the billions of dollars collected through tariffs should go directly into people’s pockets. He said on social media, “A dividend of at least $2,000 per person (excluding high-income earners!) will be paid to all.” According to him, this money would come from the revenue that the U.S. gathers from tariffs and would help ordinary citizens benefit from America’s trade policies.
But while many people like the sound of free money experts say it will not be so easy to make happen. Any plan to send out federal payments on such a large scale would need Congress to approve it. That means both the House and Senate must agree to pass a new law before the money could actually reach people’s bank accounts.
Not everyone in Trump’s team seems to agree with the plan. Treasury Secretary Scott Bessent has said the main focus of the government should be on reducing the huge national debt, which is around $38.12 trillion. He said that it would not be easy to issue direct stimulus checks when the country already owes so much money.
But Bessent also mentioned that Trump’s “dividend” could take another form. Instead of giving out direct payments, the government might offer new tax cuts or remove some existing taxes. These could include tax breaks on overtime, Social Security, or even the removal of taxes on tips.
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There is no date for when this $2,000 plan might happen. Trump’s proposal is still just an idea and will need a lot of political work before it becomes real. Congress would have to agree on how to use tariff money and whether it can legally be sent to citizens as direct payments.
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