BREAKING: President Donald Trump has just proposed a bold plan to send Americans a check for $2,000, claiming it would be funded by revenues from tariffs imposed during his administration. This announcement comes as Trump’s disapproval ratings hit a staggering 63%, according to a recent CNN poll conducted from October 27 to 30, 2023.
In a post on Truth Social earlier today, Trump declared, “A dividend of at least $2,000 a person (not including high-income people!) will be paid to everyone.” He emphasized his belief that “People who are against Tariffs are FOOLS!” This is not the first time Trump has floated the idea of distributing stimulus checks based on tariff revenue, but previous proposals have not materialized.
The Treasury Department reported that nearly $200 billion in customs duties have been collected from American consumers during Trump’s presidency, with the effective tariff rate soaring to almost 18%, the highest in nearly a century. Many businesses have passed these costs onto consumers, making the impact of tariffs felt widely in households across America.
For these checks to be distributed, Trump would require Congress approval. In a similar vein, Republican Senator Josh Hawley introduced a bill earlier this year proposing a $600 check funded by tariff rebates, which was dismissed by Treasury Secretary Scott Bessent, who stated that tariff collections would instead be used to reduce the federal deficit.
Critics are already raising concerns about the feasibility of Trump’s latest proposal. Erica York, vice president of federal tax policy at the Tax Foundation, highlighted on X that giving out $2,000 checks to qualified Americans could exceed the total amount generated from tariffs. “If the cutoff is $100,000, 150 million adults would qualify, for a cost near $300 billion,” she warned, adding that if children are included, that figure could escalate even further.
Trump’s announcement comes amidst a backdrop of soaring national debt, now estimated at $37 trillion, and is likely aimed at boosting his support base as he faces increasing scrutiny and low approval ratings. His assertions of the U.S. being “the Richest, Most Respected Country In the World” have been met with skepticism by many, particularly in light of the ongoing economic challenges facing American families.
As the situation develops, observers are keenly watching how Congress will respond to Trump’s proposal and whether any action will be taken to turn these ideas into reality.
Stay tuned for updates on this evolving story, as the implications of Trump’s tariff-funded checks could significantly impact the American economy and millions of households nationwide. Follow us for the latest news and developments.
