"In 2020, the U.S. unemployment rate soared to a record high as stay-at-home orders forced countless businesses to shutter. Lawmakers reacted fairly quickly by boosting unemployment benefits to help jobless workers better keep up with their bills. They also approved an initial round of stimulus funding under the CARES Act. The CARES Act allowed eligible Americans to receive stimulus checks of up to $1,200 apiece. Later on in 2020, a second stimulus check worth up to $600 was approved."
"The final piece of the COVID stimulus puzzle came in 2021, when lawmakers passed the American Rescue Plan. That allowed eligible Americans to receive stimulus payments of up to $1,400. All told, between the three COVID stimulus rounds, Americans were eligible to receive up to $3,200 per person. Some households, however, received a lot more, since qualifying children were eligible for stimulus funds, too. Plus, a number of states created their own stimulus programs during and after the pandemic."
"President Trump has proposed sending Americans a $2,000 stimulus that would serve as a tariff rebate check. Treasury Secretary Scott Bessent, however, has told news outlets that there is no specific stimulus proposal in the works. But perhaps there should be. Many Americans are struggling financially in the wake of lingering inflation and higher costs being driven by tariffs. The Budget Lab at Yale found that current tariff policies could cost each U.S. household $1,800"
Tariff rebate checks of $2,000 have been proposed to help Americans cope with higher costs resulting from tariffs. Treasury Secretary Scott Bessent has stated that no specific stimulus proposal is currently in the works. During the COVID pandemic, lawmakers approved three rounds of stimulus: up to $1,200 under the CARES Act, $600 later in 2020, and $1,400 under the American Rescue Plan, totaling up to $3,200 per person. Some households received additional state payments and child-related amounts. Yale’s Budget Lab estimated current tariff policies could cost each U.S. household about $1,800.
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