Trump May Give $1,000 to $2,000 Rebate Checks From Tariffs
Donald Trump is planning to give rebate checks of $1,000 to $2,000 to American taxpayers. The money would come from tariff revenues, which are taxes collected on goods imported into the U.S. Trump called it a “dividend to the people.”
He said tariff income could bring in as much as $1 trillion a year, though experts think the figure may be closer to $500 billion. Trump also said some of this money could be used to reduce the U.S. national debt, which is already very high.
But this idea is not approved yet. To make it happen, Trump will need support from Congress. Right now, the U.S. government is facing a partial shutdown, and Trump has warned that if it continues, federal workers could lose jobs and projects may be cut.
Supporters believe these rebate checks could help families and increase consumer spending. Critics, however, worry about inflation, fairness, and legal problems. Courts may also get involved in tariff-related issues, which could affect the plan.
Impact:
If the plan goes ahead, rebate checks might boost the U.S. economy in the short term. But Congress approval and inflation risks could possibly slow or block the proposal.