Summary
The Trump administration is considering a proposal to give $2,000 checks to Americans, funded by tariff revenue. The proposal requires legislation and discussions with Congress for it to proceed. Economic adviser Kevin Hassett indicated that the revenue from tariffs could cover these checks, but not all experts agree.
Key Facts
- President Donald Trump proposes $2,000 checks for Americans, using tariff revenue.
- Kevin Hassett, an economic adviser, claims there is enough tariff revenue to fund these checks.
- Congressional approval is needed to implement the proposal.
- The government raised $195 billion from tariffs through fiscal year 2025.
- Erica York from the Tax Foundation says the $2,000 checks would cost about $300 billion.
- The proposal aims to help middle- and lower-income people, excluding high earners.
- Treasury Secretary Scott Bessent has not yet spoken with President Trump about the detailed form of the checks.
- Experts express skepticism about the feasibility of this proposal due to higher costs from tariffs.
