The plan proved popular among many Americans, who are eager for a little cash boost before 2026 arrives.
However, many believe that the proposal is just a little too expensive.
Despite many republicans backing the President and his plans for the monetary gift, others in the party are not fond of the idea.
Republican Ron Johnson of Wisconsin warned last month that the country ‘can’t afford’ the $2,000 payment.
How is the $2,000 payment being funded?
The President previously noted that ‘tariff’ was his favorite word, and that’s exactly how the checks are allegedly being funded.
Speaking about tariffs in a post on his Truth Social platform on November 9, the President said: “People that are against Tariffs are FOOLS!
“We are taking in trillions of dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion.
“Record investment in the USA, plants and factories going up all over the place.
“A dividend of at least $2000 a person (not including high income people!) will be paid to everyone.”
But that’s not the update.
How will Americans receive it?
Aside from the major update, Bessent previously noted that the payment could be received in numerous ways.
He said: “It could come in lots of forms, in lots of ways.
“You know, it could be just the tax decreases that we are seeing on the president’s agenda.
“You know, no tax on tips, no tax on overtime, no tax on Social Security, deductibility of auto loans. So, you know, those are substantial deductions.”
Through the first three quarters of the year, the Treasury Department allegeldy cashed in $195 billion in tariff duties, according to its financial report from September. Continue reading…
