In his Nov. 9 post, he touted soaring 401(k)s, low inflation, record-high markets, and massive incoming revenue, promising that every non-high-income household would receive “at least $2,000.”

During Oval Office remarks on Nov. 10, he doubled down:

“We plan to deliver roughly $2,000 in dividends to middle- and lower-income families,” he said. And the remaining revenue will go toward reducing the national debt.”

White House Press Secretary Karoline Leavitt later reaffirmed the administration’s commitment to making the rebates happen, saying officials are pursuing “every legal option.”

Bessent has also indicated that the initial rollout may not involve physical checks.

Instead, he suggested the benefits could first appear as tax reductions—such as no tax on tips, overtime, or Social Security income, and deductions for auto loans—before transitioning to direct payments.

He also previewed upcoming policy changes, including larger tax refunds anticipated in early 2026 and a $1,000 “birth investment account” for children born in 2026, with applications opening in July.

Eligibility for the rebate is still unclear.

Trump has not defined what counts as “high income,” and no formal thresholds have been announced.

For perspective, analysts looking at a CARES-Act–style model assume the full benefit could go to individuals earning up to $75,000 and couples up to $150,000—standards used during the 2020 stimulus programs.

Congress, however, remains the deciding factor.

No legislation for Trump’s $2,000 tariff checks has been introduced, though Sen. Josh Hawley did propose a smaller rebate—$600 per adult and child—in July.