US President Donald Trump on Sunday that each American will receive at least $2,000 from tariff revenue collected by the administration. “A dividend of at $2000 a person (not including high income people!) will be paid to everyone,” the president said on his Truth Social platform. He added that those against the tariffs are “FOOLS!”
This is possibly a payout to every American straight from the money America will be raising from its tariffs. Such a proposal would likely need to be passed by Congress. This summer, Republican Sen. Josh Hawley (Mo.) introduced legislation to give $600 tariff rebates to nearly all Americans and their dependent children.
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“My legislation would allow hardworking Americans to benefit from the wealth that Trump’s tariffs are returning to this country,” Republican Sen. Josh Hawley (Mo.) said. On Sunday, Trump also said that the administration would pay down the “ENORMOUS” debt using tariff revenue. Touting numbers, the president continued, “401k’s are Highest EVER. We are taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion. Record Investment in the USA, plants and factories going up all over the place. A dividend of at least $2000 a person (not including high income people!) will be paid to everyone”
"We are taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion. Record Investment in the USA, plants and factories going up all over the place," Trump posted.
In another post, Trump said, “So, let’s get this straight??? The President of the United States is allowed (and fully approved by Congress!) to stop ALL TRADE with a Foreign Country (Which is far more onerous than a Tariff!), and LICENSE a Foreign Country, but is not allowed to put a simple Tariff on a Foreign Country, even for purposes of NATIONAL SECURITY.”
He continued, “That is NOT what our great Founders had in mind! The whole thing is ridiculous! Other Countries can Tariff us, but we can’t Tariff them??? It is their DREAM!!! Businesses are pouring into the USA ONLY BECAUSE OF TARIFFS. HAS THE UNITED STATES SUPREME COURT NOT BEEN TOLD THIS??? WHAT THE HELL IS GOING ON???President DJT.”
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Trump for the first time specified $2,000 as the proposed “tariff dividend.” Earlier, he had suggested that Americans might receive between $1,000 and $2,000. The administration has not yet explained how it plans to distribute the payments. The proposal resembles stimulus checks — direct government payments meant to boost spending during an economic slowdown. While many details remain unclear, Trump’s post on Truth Social confirmed that high-income earners would not be eligible.
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This is possibly a payout to every American straight from the money America will be raising from its tariffs. Such a proposal would likely need to be passed by Congress. This summer, Republican Sen. Josh Hawley (Mo.) introduced legislation to give $600 tariff rebates to nearly all Americans and their dependent children.
Are you eligible for $2,000 tariff dividend?
He wrote on Truth Social that a dividend of at least $2000 per person, excluding high income people, would be paid to everyone. It is pertinent to note that this is not the first time Trump has talked about the idea of tariff dividend. However, this time he specified the amount and also spelt out the condition that high-income people will not get it. This summer, Republican Sen. Josh Hawley (Mo.) introduced legislation to give $600 tariff rebates to nearly all Americans and their dependent children.ALSO READ: Comet 3I/ATLAS puzzles scientists again: Mystery around cosmic visitor's tail continues after NASA declines to release photos
“My legislation would allow hardworking Americans to benefit from the wealth that Trump’s tariffs are returning to this country,” Republican Sen. Josh Hawley (Mo.) said. On Sunday, Trump also said that the administration would pay down the “ENORMOUS” debt using tariff revenue. Touting numbers, the president continued, “401k’s are Highest EVER. We are taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion. Record Investment in the USA, plants and factories going up all over the place. A dividend of at least $2000 a person (not including high income people!) will be paid to everyone”
"We are taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion. Record Investment in the USA, plants and factories going up all over the place," Trump posted.
In another post, Trump said, “So, let’s get this straight??? The President of the United States is allowed (and fully approved by Congress!) to stop ALL TRADE with a Foreign Country (Which is far more onerous than a Tariff!), and LICENSE a Foreign Country, but is not allowed to put a simple Tariff on a Foreign Country, even for purposes of NATIONAL SECURITY.”
He continued, “That is NOT what our great Founders had in mind! The whole thing is ridiculous! Other Countries can Tariff us, but we can’t Tariff them??? It is their DREAM!!! Businesses are pouring into the USA ONLY BECAUSE OF TARIFFS. HAS THE UNITED STATES SUPREME COURT NOT BEEN TOLD THIS??? WHAT THE HELL IS GOING ON???President DJT.”
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$2000 tariff dividend check in November?
While President Trump announced that every citizen excluding high-income Americans should get a $2000 tariff dividend check, it is unlikely this will come in November. He has just announced his intention on Truth Social and for this to become law, there must be a Bill which is passed in the House of Representatives and Senate. Notably, there is a government shutdown ongoing as well.Trump for the first time specified $2,000 as the proposed “tariff dividend.” Earlier, he had suggested that Americans might receive between $1,000 and $2,000. The administration has not yet explained how it plans to distribute the payments. The proposal resembles stimulus checks — direct government payments meant to boost spending during an economic slowdown. While many details remain unclear, Trump’s post on Truth Social confirmed that high-income earners would not be eligible.
ALSO READ: Trump caught snoozing during discussion on sleep and obesity; California Gov says 'Dozy don is back'
