Summary
Representative Ro Khanna, a Democrat from California, has proposed $2,000 payments for Americans earning under $100,000 to help with increased prices due to tariffs imposed by former President Trump. The proposal is for these tariffs, which have raised consumer costs, to be returned to working families as a rebate.
Key Facts
- Representative Ro Khanna proposed $2,000 payments for Americans making less than $100,000.
- Khanna argues that Trump's tariffs have increased everyday costs for Americans.
- Consumer prices increased by 2.7% in July, higher than the Federal Reserve's target.
- Core prices, not including food and energy, rose by 3.1%.
- Customs duties from Trump's tariffs reached a record $150 billion as of late July this year.
- Treasury Secretary mentioned that customs duty revenues might reach up to $1 trillion annually.
- Senator Josh Hawley also proposed a $600 rebate check under the American Worker Rebate Act.
- Proposals like these must go through committee review before a potential vote in Congress.
