"During both his presidential terms, Donald Trump has longed to make Americans happy by mailing them checks from the government adorned with his own signature in case anyone wants to write him a thank-you note in the form of a vote. So it's not surprising that his big idea for responding to the rise of "affordability" as a national political issue is to send out $2,000 checks, allegedly to be financed by his trade-war tariffs."
"Do people think tariffs boost consumer prices? Okay, then, here's a rebate! Or a "tariff dividend," as he calls it. Now, that is very unlikely to come to pass for a variety of reasons. For one thing, Trump is vastly overestimating the tariff revenue that's coming in. For another, his own administration and perhaps soon the Supreme Court are putting the brakes on his tariff offensive."
Donald Trump proposes sending $2,000 checks to Americans financed by trade-war tariffs and calls the payments a "tariff dividend." The plan assumes substantial tariff revenue that is likely overstated. Administrative actions and possible Supreme Court scrutiny threaten to limit the administration's tariff program. The proposal lacks support among Democrats and draws limited enthusiasm from most Republicans, who suggest using tariff receipts to reduce public debt. Treasury Secretary Scott Bessent indicated a hope that recipients might save the checks in so-called "Trump accounts" for children rather than spend them. Concerns about stimulus-driven inflation heighten skepticism about the proposal's timing and impact.
Read at Intelligencer
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