Trump says tariff checks are ‘probably’ coming to millions of Americans — and soon
By: Moneywise via MSN
Hey, Dingleberry, the tariffs weren't supposed to be about the money. That's TEA Party thinking.
The tougher trade policy required Americans to make some sacrifices to restore an industrial economy. The tariffs were supposed to address supply chain vulnerabilities, make our economy more productive and resilient, and allow the American people to directly benefit from a market economy.
Now Trump wants to use taxpayer money to buy love the same way Biden did. Who cares about inflation when the polling turns south? Trump is turning into a True Blue TEA Party hero.
S E E D E D C O N T E N T
Donald Trump has once again floated the idea of a tariff dividend check for Americans.
“The federal government will probably provide some tariff revenue over the next fairly short period of time to Americans,” the president told reporters on Tuesday. (1)
The president went on to say that tariffs on imports from other nations have already raked in well over $1 trillion this year, with $650 billion from the European Union, $550 billion from Japan and $350 billion from South Korea.
However, news reports call the president’s math into question, including a story from Fox News that indicates tariffs have only generated over $200 billion. (2)
Though he didn’t provide any further details about a timeline for these payments, President Trump has previously said he “might” send checks to Americans $1,000 to $2,000.
Will it happen?
This is not the first time the idea of cutting checks from tariff revenue has surfaced. Back in July, Sen. Josh Hawley introduced a bill to send $600 tariff rebate checks to “hardworking Americans,” arguing they should share in “the wealth that Trump’s tariffs are returning to this country.” (3)
But even at that smaller $600 level, critics questioned the wisdom.
“I don’t think [a rebate] would be particularly good policy,” Alex Durante, senior economist at the Tax Foundation, told CNBC. (4) “I would prefer that the revenue was used for deficit reduction rather than just cutting checks to people.”
Others warn such payments could stoke inflation — an issue still lingering after the pandemic-era stimulus measures.
“People will go out and spend some of that money and that would further put upward pressure on prices and probably magnify inflationary effects,” said Joseph Rosenberg, senior fellow at the Urban-Brookings Tax Policy Center.
For now, Trump’s tariff “dividend” checks remain just an idea. But you don’t have to wait for Washington to deliver a windfall — savvy investors have long built their own passive income streams. Here are three simple ways to get started.
We're going to follow Trump's rules. Which means there are no rules.
Pucker up, boys & girls. Trump is going to use your money pay you to kiss his ass. The man is a TEA Party genius.
So after about 5 years of being POTUS and an additional 4+ years of campaigning on tariffs, this "very stable" genius still has no clue how tariffs actually work...
I think he said the same back in the spring. No checks went out.
This is a version of "I'm giving Putin two more weeks to make peace".
It was handing out checks during covid that fueled a rise in inflation. What's Hawley and Trump thinking this is going to do?
"Probably". They won't cover the cost of rising prices to consumers due to the tariffs.
Are these " probable" payments taxable?
38 TRILLION dollars added to the National Debt to hand out billionaire tax cuts.
Trump kicked in over 40 BILLION in total to Argentina as an economic bailout for their economy so Milei would win his election.
So a few cracker crumbs to the peasants while Johnson refuses to call back Republicans keeping the shutdown while politicians still get paid. Johnson refusing to swear in a duly elected representative who will clinch the vote on releasing the Epstein files.
The fake tea party was swallowed whole by MAGA faithful who will continue down the never ending path of "blame the other guy".
Republicans time after time and time again have cemented their place in history as the "do nothing" Congress and that hasn't changed.
As long as a Democrat can be blamed why bother working, compromising, or following the laws or even following Republican rules. They are literally the definition of "welfare queens". Getting government pay, getting their government paid healthcare, and keeping their own government jobs while thousands are fired or furloughed.
The entire debt is $38 trillion. Not the additional amount.
Perhaps. But last time trump was in office, he claimed he would pay off the debt in 6 years, but, added more to the debt in 4 years than Obama did in 8.... What gives?
reality gives, way too much lateral lying from shit people shouldn't be buying
When did you start believing what he says?
You probably shouldn't do that.
Congress should forfeit their pay and bennies while the gov't is shut down
It sucks that it seems millions of Americans still don’t - and will never - assume that Trump is either lying, hiding something, or incompetent.
And his new health care plan to replace that 'HORRIBLE" Obama Care will be out in two weeks. " I won't be touching the East Wing", I'll be releasing my taxes as soon as i'm through with that audit", "i'll release proof of Melanias' citizenshhip next week ", ' people say I could run again"
Can Tzrump just vanish into that swamp he was drawing to find the best of the worst already....
Mid-terms must be getting close.
Evening...yep the old cheque is on the mail...
Believe it when you see it...
Trump just gave Argentina the equivalent of about an $800 stimulus to every Argentinian. Americans are getting their personal economies destroyed by health insurance premiums, job losses, and inflation. His dumbass supporters keep cheering him on. You can’t make this shit up.