US Edition
Trump considers 'rebates' to US taxpayers from tariff income
UNITED STATES, JUL 25 – President Trump is considering issuing tariff revenue rebates to Americans of certain income levels while prioritizing debt reduction, with tariff collections surpassing $100 billion so far in 2025.
- On July 25, 2025, President Donald Trump announced that his administration is exploring the possibility of issuing rebate payments to Americans within certain income brackets, funded by the revenue generated from tariffs.
- Trump proposed issuing rebate payments to Americans due to the substantial tariff revenues collected so far this year, which exceeded $100 billion by mid-2025, although the specifics and need for congressional approval remain unclear.
- Trump indicated they are thinking about a small rebate to provide some relief amid ongoing tariff policies, but he did not specify eligibility criteria or rebate amounts.
- Economic experts note this rebate approach contrasts with pandemic stimulus checks, with some warning that such payments might worsen inflation and increase the federal deficit, while Trump emphasized paying down debt.
- If enacted, these tariff-funded rebates could stimulate consumer spending but require congressional approval, and their impact on inflation and the budget deficit remains debated.
71 Articles
71 Articles
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