"President Donald Trump has a new fix to the affordability crisis - giving some of the tariffs you paid back to you. "People that are against Tariffs are FOOLS!" Trump posted on Truth Social on Sunday. "A dividend of at least $2000 a person (not including high income people!) will be paid to everyone." Trump's social media posts are not actual orders for the government to take any action, but the idea is already drawing attention."
"According to a November 10 analysis by the Committee for a Responsible Federal Budget, there would not be enough tariff revenue to fund Trump's idea. "With our national debt quickly approaching an all-time high and annual budget deficits approaching $2 trillion per year, it is imperative that policymakers focus on actually reducing deficits and putting debt on a downward path," the CRFB wrote."
"In simple terms, Trump appears to be proposing a dividend, which typically refers to a payment made by a corporation to its shareholders on a quarterly or semi-annual basis, usually representing a distribution of the company's profits based on the number of shares held. In this case, Trump is saying that each American could receive a portion of the tariff revenue collected through import duties, which he said would amount to $2,000 per person."
President Trump proposed a $2,000 dividend per person funded by tariff revenue, excluding high-income individuals, and announced the idea on Truth Social. The proposal frames tariff proceeds as distributable revenue to Americans. A November analysis by the Committee for a Responsible Federal Budget found tariff collections would not be sufficient to fund such payments. The Treasury Secretary indicated any rebate might not take the form of direct checks. Any tariff-funded dividend would require legal and budgetary action and explicit Congressional approval, while rising national debt and large deficits complicate the fiscal feasibility of the plan.
Read at Business Insider
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