$2,000 Direct Payments Update: Scott Bessent on Who Likely Will Be Eligible
Summary
President Donald Trump proposed sending $2,000 payments to most Americans using money collected from tariffs. Treasury Secretary Scott Bessent said those earning less than $100,000 would likely be eligible, but the plan requires congressional approval. The exact details of the payment method are still being worked out.Key Facts
- President Trump suggested $2,000 payments could be funded by tariff revenue.
- Treasury Secretary Scott Bessent said the money would probably go to people earning under $100,000.
- About 120 million workers might qualify if the income cap is set at $100,000.
- The plan would cost about $240 billion, but the U.S. has made roughly $130 billion from tariffs so far.
- The payments need congressional approval before they can be given.
- Treasury Department data shows more than $220 billion collected from tariffs so far.
- The new payments might ultimately take the form of tax relief, not direct checks.
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