Trump Provides Update On Plan to Distribute $2,000 Tariff Rebate Checks

Although Trump has publicly promoted the idea since July, there is no assurance that the plan will be implemented. Some Republican lawmakers have expressed reservations, questioning both the feasibility of the proposal and its prospects in Congress.

Among them is Ohio Sen. Bernie Moreno, who has said he would prefer tariff revenue be directed toward reducing the nation’s roughly $38 trillion debt rather than issuing rebate checks.

Several members of Trump’s administration have weighed in on the proposed tariff rebate plan. Treasury Secretary Scott Bessent has suggested an income cutoff of $100,000 for eligibility, while Commerce Secretary Howard Lutnick has defended the concept of the stimulus payments.

More recently, White House economic adviser Kevin Hassett said the proposal’s future remains uncertain. Speaking on Face the Nation with Margaret Brennan, Hassett said the plan’s fate “depends on what happens with Congress.”

“The deficit relative to last year is down by $600 billion, and so in the summer, I wasn’t so sure that there was space for a check like that, but now I’m pretty sure that there is, and so I would expect that in the new year, the President will bring forth a proposal to Congress to make that happen,” said Hassett, director of the White House’s National Economic Council, in the Dec. 21 interview. Continue reading…