US Edition
Could Tariff Revenue Become Rebate Checks for Americans?
- President Donald Trump suggested the possibility of distributing rebate checks to Americans using the revenue generated from tariffs by mid-2025.
- This proposal follows a surge in tariff collections, including about $27 billion in June and over $150 billion total since Trump took office, with new import taxes set for August 7.
- Senator Josh Hawley proposed legislation in 2025 that would distribute rebates of at least $600 to each adult and dependent, with payments gradually reduced for individuals earning above certain thresholds, and additional rebates possible if tariff revenues surpass expectations.
- Experts estimate the tariffs could cost households $2,400 annually by 2025 through higher prices, while critics warn rebate checks risk fiscal irresponsibility and increased inflation.
- The rebate plan, modeled on pandemic stimulus checks, suggests returning tariff wealth to taxpayers, but Federal Reserve Chair Jerome Powell notes the tariffs' inflation impact remains uncertain.
32 Articles
32 Articles
Trump Proposes Dividend from Tariff Revenue
Trump Proposes Dividend from Tariff Revenue In a surprising announcement, President Donald Trump suggested that a portion of the money raised from tariffs could be redistributed to Americans, specifically targeting middle and lower-income groups. This potential financial dividend seeks to mitigate the impact of tariffs on U.S. citizens, although specifics are not yet detailed.Talking to reporters before departing aboard Air Force One from New Je…
Asbury Park Press NJ
USA TodayAre we getting a stimulus check 2025? What is Trump tariff rebate check for taxpayers?
What is the Trump stimulus plan for a tariff rebate check? Here's what to know about the American Worker Rebate Act of 2025 and would you qualify?
US President Donald Trump on Sunday said that the tariffs could provide cash benefits to middle-class and low-income Americans, calling it a "dividend" or "handout" funded by tariffs imposed on US trading partners.
Coverage Details
Bias Distribution
- 97% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
