Anonymous wrote:Anonymous wrote:President Trump has bragged many times about the revenue tariffs are bringing in – money paid by American businesses, who pass some of the costs on to consumers. Over the weekend, Trump pushed the idea of paying that money back to Americans, in the form of $2,000 payments
…
We're going to issue a dividend to our middle income people and lower income people of about $2,000," he said. "And we're going to use the remaining tariffs to lower our debt."
While details are scant, budget experts are already saying that there just isn't enough money for this idea.
"Even with the most conservative estimates applied to it, it doesn't work," said Erica York, vice president of federal tax policy at the right-leaning Tax Foundation.
By her math, if the rebates went to people making under $100,000 per year, that would cost way more than the amount of revenue tariffs will bring in.
"So you'll see at least a $100 billion gap there between what we can expect the tariffs to generate for the U.S. government versus what the president is promising to spend on tariff rebates for American citizens."
She added that even if the money went out only to people making $75,000 or less annually, there still wouldn't be enough revenue, by her calculations.
https://www.npr.org/2025/11/11/nx-s1-5604681/trump-tariff-dividends-flaws
This is crazy! I hope people demand their $2,000 check.
I'm still waing for my $5,000 DOGE check.
Anonymous wrote:President Trump has bragged many times about the revenue tariffs are bringing in – money paid by American businesses, who pass some of the costs on to consumers. Over the weekend, Trump pushed the idea of paying that money back to Americans, in the form of $2,000 payments
…
We're going to issue a dividend to our middle income people and lower income people of about $2,000," he said. "And we're going to use the remaining tariffs to lower our debt."
While details are scant, budget experts are already saying that there just isn't enough money for this idea.
"Even with the most conservative estimates applied to it, it doesn't work," said Erica York, vice president of federal tax policy at the right-leaning Tax Foundation.
By her math, if the rebates went to people making under $100,000 per year, that would cost way more than the amount of revenue tariffs will bring in.
"So you'll see at least a $100 billion gap there between what we can expect the tariffs to generate for the U.S. government versus what the president is promising to spend on tariff rebates for American citizens."
She added that even if the money went out only to people making $75,000 or less annually, there still wouldn't be enough revenue, by her calculations.
https://www.npr.org/2025/11/11/nx-s1-5604681/trump-tariff-dividends-flaws
This is crazy! I hope people demand their $2,000 check.
Anonymous wrote:President Trump has bragged many times about the revenue tariffs are bringing in – money paid by American businesses, who pass some of the costs on to consumers. Over the weekend, Trump pushed the idea of paying that money back to Americans, in the form of $2,000 payments
…
We're going to issue a dividend to our middle income people and lower income people of about $2,000," he said. "And we're going to use the remaining tariffs to lower our debt."
While details are scant, budget experts are already saying that there just isn't enough money for this idea.
"Even with the most conservative estimates applied to it, it doesn't work," said Erica York, vice president of federal tax policy at the right-leaning Tax Foundation.
By her math, if the rebates went to people making under $100,000 per year, that would cost way more than the amount of revenue tariffs will bring in.
"So you'll see at least a $100 billion gap there between what we can expect the tariffs to generate for the U.S. government versus what the president is promising to spend on tariff rebates for American citizens."
She added that even if the money went out only to people making $75,000 or less annually, there still wouldn't be enough revenue, by her calculations.
https://www.npr.org/2025/11/11/nx-s1-5604681/trump-tariff-dividends-flaws
This is crazy! I hope people demand their $2,000 check.
President Trump has bragged many times about the revenue tariffs are bringing in – money paid by American businesses, who pass some of the costs on to consumers. Over the weekend, Trump pushed the idea of paying that money back to Americans, in the form of $2,000 payments
…
We're going to issue a dividend to our middle income people and lower income people of about $2,000," he said. "And we're going to use the remaining tariffs to lower our debt."
While details are scant, budget experts are already saying that there just isn't enough money for this idea.
"Even with the most conservative estimates applied to it, it doesn't work," said Erica York, vice president of federal tax policy at the right-leaning Tax Foundation.
By her math, if the rebates went to people making under $100,000 per year, that would cost way more than the amount of revenue tariffs will bring in.
"So you'll see at least a $100 billion gap there between what we can expect the tariffs to generate for the U.S. government versus what the president is promising to spend on tariff rebates for American citizens."
She added that even if the money went out only to people making $75,000 or less annually, there still wouldn't be enough revenue, by her calculations.