"But Trump has promised debt reduction, deficit reduction, $2,000 dividend checks and farm bailouts with the money, among other things. All of it would cost hundreds of billions of dollars, if not trillions, more in total than is on track to be collected. The big picture: Trump is relying on the money as a source of relief amid an affordability crisis that pinched Republicans in elections earlier this month."
"The fresh funds have created a dynamic unique to the Trump 2.0 era. Trump has promised revenues from tariffs unilaterally imposed by the White House to different initiatives - even though White House officials concede that Congress must authorize how the money gets spent. Even that is no guarantee: Many Republican senators say they prefer the tariff money is used to pay down the debt, which Trump had earlier promised to use the money to do."
Tariff revenues are being positioned as funding for $2,000 dividend checks, deficit and debt reduction, and farm bailouts, among other uses. The promised measures would cost hundreds of billions to trillions more than projected tariff collections. Google Trends shows strong public interest in the tariff stimulus checks with "stimulus" ranking fourth among government-related searches and search terms like "stimulus payment November 2025" surging. The Penn Wharton Budget Model estimates 2025 tariffs generated about $225 billion, roughly $140 billion from emergency orders. White House officials acknowledge Congress must authorize spending, while many Republican senators prefer using revenues to reduce debt.
Read at Axios
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