Summary
President Donald Trump has proposed new plans to give direct payments to Americans, like $2,000 checks from tariff money and other financial reliefs. However, no payments have been made yet, and there's no timetable for them. These ideas are still in discussion, and they need more details and approval before moving forward.
Key Facts
- President Trump suggested giving $2,000 payments to Americans using money from tariffs, which are taxes on foreign goods.
- Trump mentioned on a social media platform that he plans to issue a "dividend" to middle- and lower-income Americans.
- Experts warn that these payments could cost $600 billion each year and might increase the national deficit by $6 trillion over ten years.
- Tariff revenues are usually paid by U.S. importers and passed on to consumers.
- Treasury Secretary Scott Bessent stated that these payments might come as tax cuts or deductions instead of direct checks.
- A separate proposal called "baby bonds" would give $1,000 to each child born in the U.S. from 2025-2028, but this needs more legislative steps to become real.
- The government has also thought about giving savings from government efficiency to citizens, but no details or plans have been finalized.
