""We will see," Bessent said on Fox News' Sunday Morning Futures. "We need legislation for that.""
""everybody but the rich.""
""But we've taken in a lot of money from tariffs. The tariffs allow us to give a dividend.""
""So I would expect in the first two quarters we are going to see the inflation curve bend down and the real income curve substantially accelerate," he said."
President Donald Trump proposed $2,000 "dividend" payments funded by tariff revenue to be distributed next year to "everybody but the rich." Treasury Secretary Scott Bessent said the proposal would require congressional approval and emphasized that legislation is necessary. A centrist watchdog estimated the plan could cost about $600 billion if structured like Covid stimulus payments, potentially more than twice projected tariff revenue. Net tariff receipts through September totaled $195 billion, while economists estimate about $300 billion for calendar 2025. Bessent predicted tax cuts will begin easing inflation and increasing real incomes in the early part of next year.
Read at Fortune
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