"Bessent temporarily punted to address another question from Stephanopoulos about whether Trump undermined his administration's own legal argument in favor of the tariffs that their primary purpose is not to generate revenue by focusing on the money they're purportedly bringing in. It's not about taking in the revenue, it's about re-balancing, Bessent said. And the revenue occurs early on. And then as we rebalance and the jobs come home, then it becomes domestic tax revenue."
"Stephanopoulos then tried to pin Bessent down on the specifics of the tariff payout. Do you have a proposal, a formal proposal, to give a $2,000 dividend to every American? Stephanopoulos asked. Bessent replied by making clear Americans shouldn't mentally spend that cash just yet. I haven't spoken to the president about this yet, but, you know, the $2,000 dividend could come in lots of forms, in"
President Donald Trump pledged $2,000 tariff dividend payments to every American except high wage earners. Treasury Secretary Bessent expressed uncertainty about immediate logistics and said he had not yet discussed the plan with the president. Bessent emphasized that tariffs aim to rebalance trade and that early tariff revenues would transition into domestic tax revenue as manufacturing jobs return. Stephanopoulos questioned whether Trump's public focus on revenue could undermine the administration's legal stance that tariffs are not meant to generate revenue. Bessent insisted the revenue narrative is consistent with rebalancing and job growth, and suggested the dividend could take multiple forms.
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