"We will be issuing dividends later on probably the middle of next year, a little bit later than that, Trump told reporters in the Oval Office on Monday. Thousands of dollars for individuals of moderate income, middle income. Last week, the president claimed that the checks, which require congressional approval, would be sent out next year. Trump said the idea is to give Americans the tariff money that has been collected on imports."
"I love giving money back to the people, but we do have a deficit issue and a debt issue, Kudlow began. And it's a little hokey, you know, coming late in the midterm elections. Anyway, Senator, what do you think about it, honestly? Well, it sounded like a good idea, Tuberville replied. Two hundred billion dollars, Larry, we've taken in as of September the 1st of this past year."
President Donald Trump proposed $2,000 tariff rebate checks to return tariff revenue to Americans and said dividends would be issued around the middle of next year. The checks would require congressional approval and come from tariff money collected on imports. Larry Kudlow criticized the idea, citing deficit and debt concerns and awkward timing ahead of midterm elections. Sen. Tommy Tuberville supported returning revenue, noting $200 billion collected as of September 1 and asserting that tariffs are working while acknowledging that American farmers are in trouble. Kudlow suggested using funds to pay down deficits or return value to taxpayers through debt reduction.
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