"President Donald Trump boasts that his tariffs protect American industries, lure factories to the United States, raise money for the federal government, and give him diplomatic leverage.Now, he's claiming they can finance a windfall for American families, too: He's promising a generous tariff dividend."
"Details are scarce, including what the income limits would be and whether payments would go to children. Even Trump's treasury secretary, Scott Bessent, sounded a bit blindsided by the audacious dividend plan. Appearing Sunday on ABC's This Week, Bessent said he hadn't discussed the dividend with the president and suggested that it might not mean that Americans would get a check from the government. Instead, Bessent said, the rebate might take the form of tax cuts."
""The numbers just don't check out," said Erica York, vice president of federal tax policy at the nonpartisan Tax Foundation."
President Donald Trump proposed using tariff revenue to pay a tariff dividend of at least $2,000 per person, excluding high-income individuals. The proposal followed Republican election losses tied to voter concern about high living costs. Budget experts reacted skeptically and compared the idea to a past short-lived DOGE dividend plan linked to Elon Musk. Key details such as income limits and whether children would qualify were unspecified. Treasury Secretary Scott Bessent said he had not discussed the dividend and suggested any benefit might instead come as tax cuts. Tariff receipts rose to $195 billion in the budget year ending Sept. 30 but still represent under 4% of federal revenue and have not substantially reduced the $1.8 trillion fiscal 2025 deficit.
Read at Fast Company
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