President Donald Trump’s proposal to distribute $2,000 “tariff dividend” checks to low- and middle-income Americans has sparked debate in Washington. Treasury Secretary Scott Bessent confirmed the plan would require Congressional approval, citing the scale of funding and legislative hurdles despite billions collected from global tariffs.
Trump’s tariff windfall faces legislative test as dividend plan draws scrutiny
President Trump’s latest economic pitch—a $2,000 payout to working-class Americans funded by tariff revenues—is facing a critical checkpoint: Congress. Treasury Secretary Scott Bessent, speaking on Fox News’ Sunday Morning Futures, acknowledged that while the US has amassed billions through tariffs, distributing that money as direct payments would require new legislation.
The proposed checks, aimed at “everybody but the rich,” are positioned as a response to rising living costs and public frustration. Bessent emphasized that the initiative, though popular in rhetoric, is “a lot of money” and must be weighed against fiscal priorities like debt reduction. Analysts warn the plan could cost more than the projected tariff intake for 2025, raising questions about sustainability and political feasibility.
Major takeaways
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Trump proposes $2,000 “tariff dividend” for low- and middle-income Americans
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Treasury Secretary Bessent says Congressional approval is essential for implementation
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Plan aims to redistribute billions collected from global tariffs
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Checks would exclude high-income earners and target working families
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Estimated cost may exceed 2025 tariff revenue, prompting budgetary concerns
Sources: LiveMint , Moneycontrol , Yahoo Finance