UPDATE: President Donald Trump is set to propose a plan for issuing $2,000 checks to Americans, but the rollout hinges on congressional approval. This urgent announcement comes from Kevin Hassett, Director of the National Economic Council, during his appearance on “Face the Nation” on Sunday.
Hassett emphasized that Trump’s proposal, which aims to utilize tariff revenue to fund these payments, is still in the preliminary stages. The President is expected to formally present the plan to Congress in January 2024. “Congressional approval is essential for this initiative to move forward,” Hassett stated.
The proposed checks would likely target households earning less than $100,000, as outlined by Treasury Secretary Scott Bessent. The funding mechanism, which would distribute payments through the tax code, is still under review and requires new legislation to be enacted.
This proposal comes at a critical time as many Americans continue to feel the financial strain from ongoing economic challenges. Trump’s idea of a “dividend of at least $2,000 a person” aims to provide immediate relief to struggling households. Last month, he took to social media to convey his commitment to this financial assistance.
As the nation prepares for this possible economic boost, the focus now shifts to Congress, where lawmakers will need to debate and approve the proposal. With the new year approaching, stakeholders are watching closely to see how this situation unfolds.
Stay tuned for more updates as this story develops, and prepare for potential changes that could directly impact millions of Americans in the coming weeks.
