Summary
President Donald Trump plans to give Americans $2,000 payments funded by tariff revenue. The payments need Congress to approve them, and it's unclear if they will be separate or part of a bigger tax reduction package. Treasury Secretary Scott Bessent said these payments would likely have income limits for lower- and middle-income Americans.
Key Facts
- President Trump wants to send $2,000 checks to Americans using money from tariffs.
- The payments would need Congress to approve them before they go out.
- Treasury Secretary Scott Bessent mentioned the payments may be part of a broader tax package planned for 2026.
- The payments are intended for working families with income limits.
- Bessent mentioned expected boosts from tax cuts on tips, overtime, and Social Security.
- President Trump suggested these payments could also help lower national debt.
- Discussions are ongoing, and the exact form of payments is still unclear.
