Summary
President Donald Trump plans to distribute $2,000 in direct payments to Americans, referring to them as "tariff dividends." The proposal is under consideration and would require congressional approval before becoming law. Treasury Secretary Scott Bessent has suggested that Americans save these payments to avoid increasing inflation.
Key Facts
- President Trump proposes giving Americans $2,000 from tariff revenues, termed "tariff dividends."
- Treasury Secretary Scott Bessent suggested saving the payments to prevent inflation, which is currently at 3%.
- The payments aim to benefit middle- and lower-income households, but the plan requires congressional approval.
- Scott Bessent mentioned families earning less than $100,000 might be eligible for the payments.
- The federal government collected $195 billion in customs duties in fiscal year 2025.
- The proposed cost of the payments is about $300 billion, exceeding the tariff revenue.
- Trump stated that the payments could reach Americans by mid-2026 if legislation is passed.
- No detailed eligibility criteria or legislative text has been released yet.
