Former President Trump Suggests $2,000 Tariff Dividend for Americans
Former President Donald Trump has unveiled a proposal to provide $2,000 to Americans utilizing funds generated from tariffs.
Posting on Truth Social, Trump mentioned that the disbursements would not include high-income individuals and criticized tariff opponents as “fools.”
He highlighted that the funds would also contribute to reducing the national debt, which currently stands at over $38 trillion.
The suggestion comes amidst a surge in tariff revenues, with the U.S. Treasury amassing $215 billion in the fiscal year 2025.
Nevertheless, the plan would necessitate approval from Congress to progress.
Critics have expressed worries about the economic repercussions of tariffs, which have resulted in increased expenses for consumers.
This declaration coincides with ongoing legal disputes regarding Trump’s tariff strategies, as the Supreme Court assesses the constitutionality of his utilization of emergency powers to enforce tariffs.
Former President Trump Suggests $2,000 Tariff Dividend for Americans was originally published on wibc.com