Summary
President Trump announced that the government plans to give $2,000 checks from tariff revenues by mid-2026. This plan requires approval from Congress before it can proceed. The initiative is seen as part of efforts to help individuals with moderate and middle income.
Key Facts
- President Trump promised $2,000 checks from tariff revenues by mid-2026.
- The checks are intended for people with moderate and middle income.
- Legislation is needed for these checks, which means Congress must approve it.
- The goal is to provide financial relief to individuals.
- The timing of the checks might coincide with important midterm elections.
- The administration is concerned about the potential for increased inflation.
- Treasury Secretary Scott Bessent highlighted the need for legislative approval.
