Summary
President Donald Trump has promised stimulus checks of $2,000, which he says are funded by tariff revenues. The timing and details of these checks depend on Congress's approval. Economists have raised concerns about the cost and inflation impact of these payments.
Key Facts
- President Trump has mentioned $2,000 checks to Americans, funded by tariffs.
- The checks are intended for households earning less than $100,000 annually.
- Kevin Hassett, Trump's economic adviser, said Congress needs to approve the payments.
- Trump indicated checks would start in mid-2026.
- The federal government raised $195 billion from tariffs in the 2025 fiscal year.
- Concerns include the cost of these payments and the potential for increased inflation.
- Trump claimed on social media that everyone would receive the checks, except high-income earners.
- Economist Erica York estimates the total cost could reach $300 billion if adults and children are included.
