US EditionBessent says Trump's $2,000 checks would need congressional vote
- On Sunday, Treasury Secretary Scott Bessent said President Donald Trump's proposed $2,000 tariff payments would require congressional approval and target working families with income limits.
- President Donald Trump originally proposed a tariff dividend of at least $2,000, and the administration enacted protective tariffs intended to rebalance trade, Business Insider reported earlier this month.
- On the legality front, Bessent noted he expects the Supreme Court won't rule against the administration on tariffs and said `Those could go out` with `Everything is on the table`.
- Economists warned that sending President Donald Trump's proposed $2,000 checks could raise inflation and worsen the national debt, and observers cautioned it may be a while before they reach bank accounts.
- With Bessent a key figure in US-China trade talks, officials say the wheels are turning in Washington as policy details including funding and eligibility are still being worked out.
84 Articles
84 Articles
abc10 Sacramento
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Should Trump give Americans $2000 checks from tariffs profits?
President Trump has floated the idea of giving low- and middle-income Americans $2000 checks from the profits of his tariffs. But is this a good idea? Glenn and Stu debate… TranscriptBelow is a rush transcript that may contain errorsGLENN: Good, there's a couple of stories that I think, you know, are worth talking about.The -- the tariff checks. Which I don't really like. We can talk about that. Also, there's new update on the Jeffrey Epstein th…
Pasadena Star News
Ending the trade war would do more to help families than tariff dividend checks
President Trump began his second term with a trade war, and the sentiment among US workers has been anything but great. Last week, however, the president surprised his cabinet and introduced a new idea: sending out a $2,000 “dividend” check to Americans. Using revenue from the trade war, Trump is proposing the influx of money be put into people’s pockets as well as “lower our debt.” What’s old is new. This isn’t the first time the president has …
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Treasury Secretary Scott Bessent says Trump’s $2,000 tariff checks might need a congressional OK
Treasury Secretary Scott Bessent is a key figure in US-China trade talks. Pete Marovich/Getty Images Treasury Secretary Bessent said Trump’s proposed $2,000 tariff checks might need approval from Congress. Trump initially proposed the payments in August to redistribute tariff dividends. Bessent said on Sunday that there would be income limits on the checks. It may be a while before President Donald Trump’s proposed $2,000 tariff checks hit your…
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