Summary
President Donald Trump proposed giving $2,000 to most Americans using money collected from tariffs. Economists say this plan could cost more than the government makes in a year from tariffs. The Supreme Court might cancel these tariffs, affecting how any payments could be funded.
Key Facts
- President Trump wants to give $2,000 payments to most Americans from tariff money.
- Economists estimate this could cost hundreds of billions of dollars.
- Tariffs have generated $195 billion in revenue in the fiscal year 2025.
- Trump said the payments would be for people earning $100,000 or less.
- A proposed $300 billion in payments is more than the $90 billion net revenue from tariffs.
- Secretary Scott Bessent mentioned possible tax savings under Trump's tax policies.
- The Supreme Court is reviewing the legality of Trump's tariffs, expressing concern over their nature as a revenue source.
